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Mako Mining Corp. Announces Grant of Stock Options
Mako Mining Corp. Announces Grant of Stock Options Canada NewsWire VANCOUVER, Au...
About this update from Mako Mining Corp.
[{"type":"text","content":"\n\n\n\nMako Mining Corp. Announces Grant of 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, Aug. 8, 2019\n\n\n\nVANCOUVER, Aug. 8, 2019 /CNW/ - Mako Mining Corp. (TSX-V: MKO) (\"Mako\" or the \"Company\") today announced the grant of 42,500,000 incentive stock options to its officers and directors pursuant to the stock option plan of the Company.  The number of shares reserved for issuance under the stock options is 42,500,000 common shares, representing approximately 7% of the current issued and outstanding common shares of the Company.\n\n \n \n\n \nThe stock options have a term of five years and vest as to 25% immediately upon grant and as to 25% on each of the three anniversaries of the grant date.  The stock options have increasingly higher exercise prices as of each vesting date, ranging from $0.1625 to $0.35 per common share, which prices are well above the current market price of the common shares on the TSX Venture Exchange.  The average exercise price of the stock options is approximately $0.25625 per common share, which is currently approximately 100% higher than the trading price of the Company's common shares as of the date of grant. \nAbout Mako Mining Corp.\nMako Mining Corp. is a publicly listed gold mining, development and exploration firm. The Company is developing its high-grade San Albino gold project in Nueva Segovia, Nicaragua. Mako's primary objective is to bring San Albino into production quickly and efficiently, while continuing exploration of prospective targets in Nicaragua.\nForward-Looking Statements\nSome of the statements contained herein may be considered \"forward-looking information\" within the meaning of applicable securities laws, including statements regarding the expected market price of the common shares of Mako, the successful development of the San Albino gold project in Nueva Segovia, Nicaragua and the  primary objective of the Company to bring San Albino into production quickly and efficiently, while continuing exploration of prospective targets in both Mexic...