Burin Gold grants incentive stock options Burin Gold grants incentive stock options
VANCOUVER, British Columbia, Jan. 31, 2022 (GLOBE NEWSWIRE) -- Burin Gold Corp. (“Burin Gold” or the “Company”) (TSXV:BURG) announces that it has granted incentive stock options to certain directors, officers, employees and consultants of the Company.
The Company has granted incentive stock options to certain directors, officers, employees, and consultants of the Company to purchase up to 2,286,600 common shares in the capital of the Company pursuant to the Company’s stock option plan. All the options are exercisable for a period of five years at an exercise price of $0.55 per share.
About Burin Gold Corp.
Burin Gold is a newly listed public company on the TSX Venture Exchange. The Company’s principal asset is the Hickey’s Pond – Paradise Gold Project on the Burin Peninsula, province of Newfoundland & Labrador. This project contains the Hickey’s Pond gold prospect, drill tested with an initial 1,000 m drill program in 2020 with best results of 10.8 m of 4.43 g/t Au, as well as numerous other historical high-sulphidation epithermal gold showings that have yet to be drill tested. With the successful completion of its IPO, the Company is well-positioned to commence a significant diamond drilling campaign at the Hickey’s Pond prospect, planned to start Q1/2022.
Acknowledgement
The Company acknowledges the financial assistance of the Mineral Development Division, Department of Industry, Energy, and Technology, Government of Newfoundland & Labrador, via its Junior Exploration Assistance Program. The program provides valuable financial rebates on exploration expenditures made in the province to qualifying exploration companies. The Company has benefited from the program yearly since 2018.