Business
Patagonia Gold Corp. Grants Stock Options
VANCOUVER, British Columbia, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce that it h
About this update from Patagonia Gold Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Aug. 14, 2020 (GLOBE NEWSWIRE) -- Patagonia Gold Corp. (“Patagonia” or the “Company”) (TSXV: PGDC) is pleased to announce that it has granted an aggregate of 9,600,000 stock options (each, an “Option”) under the Company’s stock option plan (the “Stock Option Plan”), including 2,500,000 Options to the directors of the Company, 3,500,000 Options to certain officers of the Company, and 3,600,000 Options to members of senior management (the “Option Grant”). All of the Options are exercisable for a period of five years at a price of $0.16. The Options vest as to one-third on each of the first, second and third anniversary on of the date of the Option Grant. The Stock Option Plan allows for the issuance of up to 10% of the issued and outstanding shares of the Company in the form of Options. As of the date hereof, a total of 317,943,990 shares of the Company are issued and outstanding and the Option Grant represents approximately 3.0% of the issued and outstanding shares. About Patagonia Gold Patagonia Gold Corp. is a mining and development company listed on the TSX Venture Exchange. The Company seeks to grow shareholder value through exploration and development of gold and silver projects in the Patagonia region of Argentina. The Company is primarily focused on the Calcatreu project in Rio Negro and the development of the Cap-Oeste underground project. Patagonia, indirectly through its subsidiaries or under option agreements, has mineral rights to over 360 properties in several provinces of Argentina and Chile and is one of the largest landholders in the province of Santa Cruz, Argentina. For more information, please contact: Dean StuartT: 403 617 7609E: [email protected] Christopher van Tienhoven, Chief Executive OfficerPatagonia Gold CorpT: +54 11 5278 6950E: [email protected] FORWARD-LOOKING STATEMENTS This press release contains certain forward-looking statements, including, but not limited to, statements relating to the vesting of Options, statements about the Company’s focus on growing shareholder value and the development of the Cap Oeste underground project, advancement of the Calcatreu project and the Company’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”...