Wedgemount Announces Grant of Incentive Stock Options
| Vancouver, BC – | May 25, 2021 – Wedgemount Resources Corp. (CSE: WDGY) (“Wedgemount” or the | ||
| “Company”), a | mineral exploration company focused on maximizing shareholder value through the | ||
| acquisition, discovery and advancement of high‐quality copper ‐ gold projects in North America, | has |
approved the grant of incentive stock options (each, an “Option”) to acquire up to 1,000,000 common shares in the capital of the Company (each a “Common Share”), 800,000 of which were granted to certain directors and officers of the Company. The Options are exercisable for a five year term expiring on May 25, 2026 at a price of $0.45 per Option. The Options are subject to vesting provisions, with 1/4 vesting 3 months from grant date and 1/4 vesting every 3 months thereafter. The Options are subject to Canadian Securities Exchange approval, and approval of the Option plan by Wedgemount’s shareholders at the Company’s first annual general meeting, no Options may be exercised until such approval and acceptance is given. Any Common Shares issued pursuant to the exercise of the Options will be subject to a four month hold period expiring on September 26, 2021.
About Wedgemount Resources Corp.
Wedgemount Resources is a junior mineral exploration company focused on maximizing shareholder value through the acquisition, discovery and advancement of high‐quality copper ‐ gold projects in North America.
On behalf of the Board of Directors,
WEDGEMOUNT RESOURCES CORP.
Mark Vanry, President and CEO
For more information, please contact the Company at:
Telephone: (778) 997‐7573 [email protected] www.wedgemountresources.com
Reader Advisory
This news release may contain statements which constitute “forward‐looking information”, including statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities of the Company. The words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions, as they relate to the Company, or its management, are intended to identify such forward‐looking statements. Investors are cautioned that any such forward‐looking statements are not guarantees of future business activities and involve risks and uncertainties, and that the Company’s future business activities may differ materially from those in the forward‐looking statements as a result of various factors, including, but not limited to, fluctuations in market prices, successes of the operations of the Company, continued availability of capital and financing and general economic, market or business conditions. There can be no assurances that such information will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. The Company does not assume any obligation to update any forward‐ looking information except as required under the applicable securities laws.
Neither the Canadian Securities Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.