Cantex Announces Stock Option Grant
CANTEX ANNOUNCES STOCK OPTION
GRANT
KELOWNA, BC
,
April 30, 2024
/CNW/ -
Cantex Mine Development Corp.
(TSXV: CD) (OTCQB:
CTXDF) (the "Company") announces that, in accordance with the Company's Stock Option Plan, it
has granted an aggregate of 2,100,000 options to certain directors, officers, and consultants of the
Company. The options are exercisable at a price of
$0.50
and have a term of 7 years expiring
April
26
, 2031. The options also vest in their entirety at the end of 5 years, provided that if an optionee
ceases to bee a bona fide service provider prior to the vesting of their options, a pro rata portion of
such optionee's options shall vest and the remainder shall be cancelled.
Signed,
Charles Fipke
Dr.
Charles Fipke
, CM
Chairman
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. Information set forth in this news release includes forward-looking statements under
applicable securities laws. Forward-looking statements are statements that relate to future, not
past, events. In this context, forward-looking statements often address expected future business
and financial performance, and often contain words such as "anticipate", "believe", "plan",
"estimate", "expect", and "intend", statements that an action or event "may", "might", "could",
"should", or "will" be taken or occur, or other similar expressions. All statements, other than
statements of historical fact, included herein are forward-looking statements. By their nature,
forward-looking statements involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements, or other future events, to be
materially different from any future results, performance or achievements expressed or implied by
such forward-looking statements. Such factors include, among others, risks identified in the
management discussion and analysis section of the Company's interim and most recent annual
financial statements or other reports and filings with Canadian securities regulators. Forward
looking statements are made based on management's beliefs, estimates and opinions on the date
that statements are made and the respective companies undertake no obligation to update forward-
looking statements if these beliefs, estimates and opinions or other circumstances should change,
except as required by applicable securities laws. Investors are cautioned against attributing undue
certainty to forward-looking statements.
SOURCE
Cantex Mine Development Corp.
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For further information:
Cantex Mine Development Corp, Tel: +1-250-860-8582; Email:
CO: Cantex Mine Development Corp.
CNW 09:00e 30-APR-24