Options Pricing out of the way
Maritime Resources grants options to buy 5.45M shares
2024-06-18 21:32 ET - News Release
Mr. Garett Macdonald reports
MARITIME RESOURCES ANNOUNCES STOCK OPTION GRANT
Maritime Resources Corp. has granted 5.45 million options to employees, consultants, directors and officers of the company. The option grant is the result of the company's annual compensation review and the issuance is made in accordance with the company's Stock Option Plan. The plan was approved by shareholders on November 30, 2023 and allows the company to issue a number of options up to 10% of its rolling issued and outstanding common shares. Including this issuance, the total outstanding options represent approximately 3.5% of the issued common shares of the company. The options have an exercise price of $0.06 and are exercisable for a period of 5 years.
A total of 3,250,000 options are expired today, June 18, 2024.
About Maritime Resources Corp.
Maritime (TSXV: MAE) (OTC Pink: MRTMF) is a gold exploration and development company focused on advancing the Hammerdown Gold Project in the Baie Verte District of Newfoundland and Labrador, a top tier global mining jurisdiction. Maritime holds a 100% interest directly and subject to option agreements entitling it to earn 100% ownership in the Green Bay Property which includes the former Hammerdown gold mine and the Orion gold projec