K92 Mining grants options to buy 3.42 million shares K92 Mining Inc. has granted incentive stock options for the purchase of an aggregate of 3.42 million common shares to employees, directors and consultants of the company, pursuant to the terms of the company's stock option plan. The options are exercisable at $6.73 per share, expire five years from the date of grant and vest in three instalments over 12 months from the date of grant.
About K92 Mining Inc.
K92 Mining is engaged in the production of gold, copper and silver from the Kora deposit at the Kainantu gold mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The company declared commercial production from Kainantu in February, 2018, and is in a strong financial position.
The company commenced an expansion of the mine based on an updated Stage 2 preliminary economic assessment on the property, which was published in January, 2019, and updated for a Stage 3 expansion preliminary economic assessment in July, 2020. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.