Business
Omineca Mining and Metals Announces Grant of Incentive Stock Options
SASKATOON, May 3, 2019 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) ("Omineca" or the "Company") has approved the grant of 3,200,000 incentive stock optio
About this update from Omineca Mining And Metals Ltd.
[{"type":"text","content":" SASKATOON, May 3, 2019 /CNW/ - Omineca Mining and Metals Ltd. (TSXV: OMM) (\"Omineca\" or the \"Company\") has approved the grant of 3,200,000 incentive stock options pursuant to the Company's stock option plan. 1,500,000 of the options were granted to directors and executive officers, with the balance being granted to consultants. The options are exercisable at $0.08 per share and, if not exercised, expire May 3, 2024, subject to earlier expiration in accordance with the stock option plan and the applicable policies of the TSX Venture Exchange. About Omineca Mining and Metals Ltd. Omineca Mining and Metals Ltd. controls a 100% interest in the Wingdam Project through its wholly owned subsidiary CVG Mining Ltd. The 2700 ha Wingdam Project is located 45 km east of Quesnel B.C. on the Barkerville highway. The property includes both placer and hard-rock tenures along the Lightning Creek valley, where topographic conditions created a thick overburden which preserved a large portion of the channel from conventional surface placer mining activity. This news release does not constitute an offer to sell, or the solicitation of an offer to buy securities in any jurisdiction in which such offer or solicitation would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. The securities offered under the offering have not been and will not be registered under the United States Securities Act of 1933, as amended (the \"Securities Act\"), or the securities laws of any state of the United States, and may not be offered or sold in the United States or to, or for the account or benefit of, any U.S. Person (as defined in Regulation S of the Securities Act) or a person in the United States, unless an exemption from such registration requirements is available. Forward Looking Statements This release includes forward-looking statements regarding Omineca and its business. Such statements are based on the current expectations and views of future events of Omineca's management. In some cases, the forward-looking statements can be identified by words or phrases such as \"may\", \"will\", \"expect\", \"plan\", \"anticipate\", \"intend\", \"potential\", \"estimate\", \"believe\" or the negative of these terms, or other simil...