Business
Garibaldi Grants Stock Options
Garibaldi Grants Stock Options Canada NewsWire VANCOUVER, July 14, 2020 TSX...
About this update from Garibaldi Resources Corp.
[{"type":"text","content":"\n\n\n\nGaribaldi Grants Stock Options\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\nCanada NewsWire\nVANCOUVER, July 14, 2020\n\n\n\nTSXV: GGIOTC: GGIFF Frankfurt: RQM\n VANCOUVER, July 14, 2020 /CNW/ - Garibaldi Resources Corp. (TSXV: GGI) (the \"Company\" or \"Garibaldi\") is pleased to announce that it has granted to directors, officers and employees of the Company Incentive Stock Options on up to 700,000 shares of the Company's capital stock, exercisable for up to five (5) years, at a price of $1.25 per share, which price is not lower than the last closing price of the Company's shares prior to this announcement, less the applicable discount.\nOf the total 700,000 director and employee options, 125,000 options were granted pursuant to a management agreement dated February 11, 2020 (see news release dated Feb.12, 2020) upon signing.\nPursuant to this Agreement the Company grants a further 375,000 options to a director which options are subject to vesting provisions at a rate of 125,000 shares every three months. Quarterly vesting will begin from the date that performance conditions stipulated in the agreement are met.\nSeparately, a balance of 200,000 director and employee options are granted to employees of the company under the same terms outlined in the opening paragraph. The options are granted pursuant to the Company's Stock Option Plan and will be subject to applicable regulatory hold periods.\nAbout Garibaldi \nGaribaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions of British Columbia and Mexico.\nWe seek safe harbour.  \nGARIBALDI RESOURCES CORP.\nper:  \"Steve Regoci\"                                      Steve Regoci, President\nNeither the TSX Venture Exchange nor its Regulation Service...