Business
Heliostar Announces Incentive Plan Rewards
Vancouver, British Columbia--(Newsfile Corp. - March 27, 2023) - Heliostar Metals Limited (TSXV: ...
About this update from Heliostar Metals Ltd
[{"type":"text","content":"Heliostar Announces Incentive Plan RewardsVancouver, British Columbia--(Newsfile Corp. - March 27, 2023) - Heliostar Metals Limited (TSXV: HSTR) (OTC Pink: HSTXF) (FSE: RGG1) (\"Heliostar\" or the \"Company\") announces that, pursuant to the Company's Omnibus Equity Incentive Compensation Plan, it has granted 8,651,250 stock options (\"Options\") at an exercise price of $0.30 and 2,218,750 restricted share units (each, an \"RSU\") to directors, officers, employees and consultants of the Company. The Options are exercisable for a period of five years and will vest over the next two years. The RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date.Further the Company is pleased to announce that it has retained the services of Peak Investor Marketing Corp. (\"Peak\") a full-service marketing and consulting services focused on the junior mining sector. Peak is an independent arms-length entity and will assist Heliostar Metals Ltd. with marketing strategy and planning, corporate communications, and public relations, with the goal of increasing market awareness for the company. Under the terms of the Agreement, the Company will compensate Peak $12,000 per month for a 12-month term and will also issue Peak 250,000 options at a grant price of $0.30.About Heliostar Metals Ltd.Heliostar is a junior mining company with a portfolio of advanced high-grade gold projects in Mexico and Alaska.Upon completion of the Transaction, the Company intends to focus on developing the 100% owned Ana Paula Project in Guerrero, Mexico. In addition, Heliostar is working with the Mexican government to permit the San Antonio Gold Project in Baja Sur, Mexico. The Company continues efforts to expand the resource at the Unga Gold Project in Alaska, United States of America.The Ana Paula Project deposit contains proven and probable mineral reserves of 1,021,000 ounces of gold at 2.36 grams per tonne (\"g/t\") gold and 2,254,000 ounces of silver at 5.22 g/t silver. Ana Paula hosts measured and indicated resources of 1,461,800 ounces of gold at 2.17 g/t gold and 3,269,000 ounces of silver at 4.8 g/t silver. A Preliminary Feasibility Study was completed in 2017 and the asset is permitted for open-pit mining. The asset contains significant existing infrastructure including a portal and 412 metre long decline.San Antonio ...