Toronto, Ontario--(Newsfile Corp. - January 31, 2022) - Arizona Metals Corp. (TSXV: AMC) (OTCQX: AZMCF) (the "Company" or "Arizona Metals") announces that its board of directors (the "Board") has approved the granting of 450,000 incentive stock options ("Options") under the Company's stock option plan, to the Company's Vice-President of Exploration and to a geological consultant of the Company. The Options may be exercised to acquire up to an aggregate of 450,000 common shares of the Company (the "Common Shares") at a price of $5.38 per Common Share.
All of the Options are exercisable for a period of 5 years from the date of issuance, with 1/3 of the Options vesting on the grant date, 1/3 vesting on the one year anniversary of the grant date, and 1/3 vesting on the two year anniversary of the grant date. The exercise price of the Options is equal to the closing price of the Common Shares on the TSX Venture Exchange on the trading day prior to the date of grant.
For further information, please contact:
Marc Pais
President and Chief Executive Officer
Arizona Metals Corp.
(416) 565-7689
mpais@arizonametalscorp.com
www.arizonametalscorp.com
https://twitter.com/ArizonaCorp
Disclaimer
This press release contains statements that constitute "forward-looking information" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that discusses predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. In making the forward- looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to general business, economic, competitive, political and social uncertainties. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
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