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TOMBILL MINES ANNOUNCES GRANT OF STOCK OPTIONS
TOMBILL MINES ANNOUNCES GRANT OF STOCK OPTIONS Canada NewsWire TSXV:TBLL ...
About this update from Tombill Mines Ltd.
[{"type":"text","content":"\n\n\n\n TOMBILL MINES ANNOUNCES GRANT OF STOCK OPTIONS\n \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 Canada NewsWire\n \n\n\n\n\n TSXV:TBLL\n \n\n\n\n\n TORONTO\n \n\n ,\n \n\n Sept. 18, 2024\n \n\n /CNW/ - (TSXV: TBLL) Tombill Mines Limited (the \"\n \n Company\n \n \" or \"\n \n Tombill\n \n \"), granted options (the \"\n \n Stock Options\n \n \") to purchase an aggregate of 5,400,000 common shares of the Company (the \"\n \n Shares\n \n \") to certain directors, officers and consultants. The Stock Options are exercisable at a price of\n \n $0.05\n \n per Share, expiring five years from the date of grant.\n \n\n 10% of the Stock Options vest immediately, 15% of the Stock Options vest on first anniversary of the Grant Date, 33% of the Stock Options vest on second anniversary of the Grant Date and 42% of the Stock Options vest on the third anniversary of the Grant Date.\n \n\n The aforementioned issuance of Stock Options resulted in certain directors and officers of the Company receiving an aggregate of 5,150,000 Stock Options of the Company. The Company has relied on the exemptions from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 -\n \n Protection of Minority Security Holders in Special Transactions\n \n (\"\n \n MI 61-101\n \n \"), contained in section 5.5(b) and 5.7(a) of MI 61-101 in respect of such insider participation.\n \n\n The Stock Options described above and the Shares underlying the Stock Options are subject to a four-month and one day hold period from the date of grant in accordance with applicable Canadian securities laws.\n \n\n\n About Tombill\n \n\n\n Founded 1935, by Newmont Mining and prospectors' 'Tom' and 'Bill' Johnson, Tombill (TSX-V: TBLL) owns 2 of the 11 current plus past-producing mines in the\n \n Geraldton\n \n gold district, 4 claim groups, of which 3 are situated in the\n \n Geraldton\n \n gold district of north-central\n \n Ontario\n \n (about 225 km NE of\n \n Thunder Bay\n \n ).  Our Main Group patents borders on the Greenstone Mine, which according to Equinox will be\n \n...