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Huntington Exploration Announces Stock Option Grant
Huntington Exploration Announces Stock Option Grant Canada NewsWire ...
About this update from Angel Wing Metals Inc
[{"type":"text","content":"\n \n \n \n Huntington Exploration Announces Stock Option Grant\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n May 6, 2022\n \n \n /CNW/ -\n \n Huntington Exploration Inc.\n \n (TSXV: HEI) (\"\n \n Huntington\n \n \" or the \"\n \n Company\n \n \") Huntington Exploration Inc. (TSXV: HEI) (the \"\n \n Company\n \n \" or \"\n \n Huntington\n \n \") announces that pursuant to Company's stock option plan, 3,350,000 stock options at an exercise price of\n \n $0.20\n \n were granted to the directors, officers, and consultants to the Company.\n \n \n \n \n \n \n \n \n \n The stock options granted vest immediately and are exercisable for a period of ten years from date of grant. The Company relied on sections 5.5 (a) and (b) and 5.7(a) and (b) of MI 61-101 as the exemption from the minority approval requirements of MI 61-101 in respect of the grant of options to the directors and officers of the Company as neither the fair market value of the subject matter of, nor the fair market value of the consideration for, the grant of the options to the director of the Company exceeded 25% of the Company's market capitalization.\n \n \n There are currently 95,320,817 shares issued in the Company.\n \n \n \n ABOUT HUNTINGTON\n \n \n \n Huntington Exploration is focused on the exploration and development of its portfolio of precious metals properties in\n \n Mexico\n \n and\n \n Canada\n \n . The Company's flagship El Grande gold project covers 550 square kilometers in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the state of\n \n Nayarit, Mexico\n \n and demonstrating significant gold and silver mineralization.\n \n \n The Company also owns two early-stage gold exploration projects in\n \n Northwestern Ontario\n \n , in which the Company is engaged in ongoing exploration. The Winora Project is located near Lingman lake, 325 km north of\n \n Red Lake\n \n and consists of 17 patented mining claims in that are estimated to be within\n \n 500 m\n \n and on strike with the histor...