Huntington Exploration Announces Stock Option Grant
Huntington Exploration Announces Stock
Option Grant
CALGARY, AB
,
May 6, 2022
/CNW/ -
Huntington Exploration Inc.
(TSXV: HEI) ("
Huntington
" or
the "
Company
") Huntington Exploration Inc. (TSXV: HEI) (the "
Company
" or "
Huntington
")
announces that pursuant to Company's stock option plan, 3,350,000 stock options at an exercise
price of
$0.20
were granted to the directors, officers, and consultants to 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 and officers 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.
There are currently 95,320,817 shares issued in the Company.
ABOUT HUNTINGTON
Huntington Exploration 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
550 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 near Lingman lake,
325 km north of
Red Lake
and consists of 17 patented mining claims in that are estimated to be
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.
Huntington Exploration 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.huntingtonexploration.ca
.
ON BEHALF OF THE BOARD OF HUNTINGTON EXPLORATION INC.
"Bryan Wilson"
President & CEO
Tel: 416-543-9945
Email:
Note: The Company's new website is expected to launch in Q2 2022.
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
Huntington Exploration Inc.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/May2022/06/c5560.html
%SEDAR: 00004503E
For further information:
Katherine Pryde, Investor Relations, Tel: 646-354-9375, Email:
CO: Huntington Exploration Inc.
CNW 21:20e 06-MAY-22