Angel Wing Metals Announces Stock Option Grant
Angel Wing Metals Announces Stock Option
Grant
TORONTO
,
Feb. 24, 2023
/CNW/ -
Angel Wing Metals Inc.
(TSXV: AWM) ("
Angel Wing Metals
"
or the "
Company
") announces that pursuant to Company's stock option plan, 500,000 stock options
at an exercise price of
$0.15
were granted to the certain directors of the Company. The stock
options granted vest immediately and are exercisable for a period of ten years from date of grant.
The Company relied on sections 5.5 (a) and (b) and 5.7(a) and (b) of MI 61-101 as the exemption
from the minority approval requirements of MI 61-101 in respect of the grant of options to the
directors of the Company as neither the fair market value of the subject matter of, nor the fair
market value of the consideration for, the grant of the options to the director of the Company
exceeded 25% of the Company's market capitalization.
ABOUT ANGEL WING METALS
Angel Wing Metals (TSXV: AWM) is focused on the exploration and development of its portfolio of
precious metals properties in
Mexico
and
Canada
. The Company's flagship El Grande Project
covers 655km
2
in the southern extension of the prolific Sierra Madre Occidental gold-silver belt in the
state of
Nayarit, Mexico
and demonstrates significant gold and silver mineralization.
Angel Wing Metals is committed to sustainable and responsible exploration and business activities in
line with industry best practices, supportive of all stakeholders, including the local communities in
which the Company operates.
For more information, please visit the Company's website at
www.angelwingmetals.com
.
ON BEHALF OF THE BOARD OF ANGEL WING METALS INC.
"Bryan Wilson"
President & CEO
Email:
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.
SOURCE
Angel Wing Metals Inc.
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http://www.newswire.ca/en/releases/archive/February2023/24/c2399.html
%SEDAR: 00004503E
For further information:
Katherine Pryde, Investor Relations, Tel: 646-354-9375, Email:
CO: Angel Wing Metals Inc.
CNW 17:30e 24-FEB-23