- Orestone Mining Corp. (OTC Pink: ORESF) has granted stock options to purchase 4,725,000 common shares.
- The options are priced at $0.10 per share and will expire on June 30, 2030.
- Options vest in four installments: 25% at grant, and subsequent 25% at three, six, and nine months after.
Orestone Mining Corp. (OTC Pink: ORESF) has announced the issuance of incentive stock options to its key personnel, including officers, directors, advisors, and consultants. The granted options enable the purchase of an aggregate of 4,725,000 common shares at a price of $0.10 each. These options have a validity of five years, expiring on June 30, 2030, and are subject to regulatory approvals as well as the Company's stock option plan.
The vesting schedule for these options is structured to enhance long-term commitment, with 25% of the options vesting on the date of grant. The remaining tranches will vest equally at three, six, and nine months following the initial grant date. This strategic approach aligns with the approval received from shareholders during Orestone's annual meeting on August 29, 2024.
Orestone Mining Corp. is a Canadian-based mining company engaged in gold, silver, and copper projects, prominently situated in Canada and Argentina. The company's key ventures include the Captain gold-copper project in British Columbia and properties in Salta, Argentina, eagerly progressing towards defining and capitalizing on viable mining opportunities.
