Angel Wing Metals Announces Stock Option Grant
Angel Wing Metals Announces Stock Option
Grant
TORONTO
,
April 11, 2023
/CNW/ -
Angel Wing Metals Inc.
(TSXV: AWM) ("
Angel Wing Metals
"
or the "
Company
") announces that pursuant to Company's stock option plan, 1,500,000 stock
options at an exercise price of
$0.20
were granted to its incoming President & CEO, Mr.
Marc
Prefontaine
. The stock options granted will vest in three equal instalments over two years 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 gold project
covers 652 square kilometers in the southern extension of the prolific Sierra Madre Occidental gold-
silver belt in the state of
Nayarit, Mexico
and demonstrating significant gold and silver mineralization.
The Company also owns two early-stage gold exploration projects in
Northwestern Ontario
, in which
the Company is engaged in ongoing exploration. The Winora Project is located on Lingman lake, 325
km north of
Red Lake
and consists of 17 patented mining claims that are within
500 m
and on strike
with the historic Lingman Lake gold deposit. The Quartz Lake Project is located 50km east of the
prolific
Red Lake
district and demonstrates many similar geological features of other successful
exploration plays in the region.
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.
"Cal Everett"
Chairman of the Board of Directors
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.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/April2023/11/c4441.html
%SEDAR: 00004503E
For further information:
Katherine Pryde, Investor Relations, Tel: 646-354-9375, Email:
CO: Angel Wing Metals Inc.
CNW 07:00e 11-APR-23