Business
Taurus Gold Stock Option Grant & Appointment to Management Committee
Edmonton, Alberta--(Newsfile Corp. - December 22, 2022) - Taurus Gold Corp. (CSE: TAUR) ("Taurus" or the "Company") announced the grant of incentive stock optio
About this update from Taurus Gold Corp.
[{"type":"text","content":" Edmonton, Alberta--(Newsfile Corp. - December 22, 2022) - Taurus Gold Corp. (CSE: TAUR) (\"Taurus\" or the \"Company\") announced the grant of incentive stock options (the \"Options\") to a director on December 15, 2022 to acquire 300,000 common shares in the capital of the Company at an exercise price of $0.165, being the closing price of the Company's common shares on the Canadian Securities Exchange (\"CSE\") on December 15, 2022. All Options were granted pursuant to the Company's 10% rolling stock option plan (the \"Plan\") and are subject to the terms of the Plan, the applicable grant agreement and the requirements of the CSE. The Options are exercisable any time until 5:00 p.m. (Mountain Time) on December 15, 2027. The Options all vest immediately. The Company also announces that, pursuant to the terms of the Second Amended and Restated Option Agreement made between Taurus and 1011308 BC Ltd. (the \"1011308\") in respect of the Mt. Nansen Property, Whitehorse District, Yukon (the \"Property\"), dated May 26, 2022, the Company was to establish a management committee on or after the First Option Exercise Date consisting of four (4) representatives, with one (1) representative being appointed by 1011308, two (2) representatives being appointed by the Company, and one (1) representative being appointed by mutual agreement of the Company and 1011308 (the \"Management Committee\"). Notwithstanding that the Company has not completed the exercise of the First Option, in order to most efficiently advance the exploration of the Property, on November 3, 2022, the directors of the Company determined it to be in the best interests of the Company to constitute the Management Committee, which was comprised of Mr. Trevor Harding (Chair) and Ms. Lori Walton as the Company's representatives and Mr. Richard Coglon as 1011308's representative. Effective December 22, 2022, the Company appointed Mr. Morgan Lekstrom to its Management Committee as the representative being appointed by mutual agreement of the Company and 1011308. Following Mr. Lekstrom's appointment, the Management Committee will be comprised of Trevor Harding (Chair), Richard Coglon, Lori Walton and Morgan Lekstrom. Contact Information Trevor HardingPresident and Chief Executive OfficerTaurus Gold Corp.Phone: 587-608-5035#239 9768-170th Street, Edmonton, AB T5T 5L4Email: info@ta...