Enduro Metals Announces Grant of Options and RSUs Pursuant to its Equity Incentive Plan
Enduro Metals Announces Grant of Options
and RSUs Pursuant to its Equity Incentive Plan
Kelowna, British Columbia--(Newsfile Corp. - April 4, 2024) -
Enduro Metals Corporation (TSXV:
ENDR) (OTCQB: ENDMF) (FSE: SOG0) ("Enduro Metals"
or the
"Company")
today announced the
grant of incentive stock options to purchase up to an aggregate of 1,400,000 common shares in the
capital of the Company (the
"Common Shares"
) with an exercise price of $0.40 per share (the
"Options"
) to consultants, officers and directors of the Company.
All the Options vest immediately and
will expire five years from the date of grant.
The Company also issued an aggregate of 300,000 restricted share units (
"RSUs"
) to Directors of the
Company.
Each RSU entitles the holder to acquire one Common Share on vesting.
The RSUs will vest 1
year after the date of grant.
The grant of the Options and RSUs is subject to the approval of the TSX Venture Exchange.
About Enduro Metals
Enduro Metals is an exploration company focused on its Newmont Lake Project; a total 688km
2
property
located between Eskay Creek, Snip, and Galore Creek within the heart of British Columbia's Golden
Triangle. Building on prior results, the Company's geological team have outlined multiple deposit
environments of interest across the Newmont Lake Project including high-grade epithermal/skarn gold
along the McLymont Fault, copper-gold alkalic porphyry mineralization at Burgundy, newly discovered
copper-gold porphyry mineralization at North Toe, and a large 10km x 4km geochemical anomaly
hosting various gold, silver, copper, zinc, nickel, cobalt, and lead mineralization along the newly
discovered Chachi Corridor.
On Behalf of the Board of Directors,
ENDURO METALS CORPORATION
"
Cole Evans
"
Chief Executive Officer
For further information please contact:
Corporate Communications
Ali Wasiliew - Manager of Communications
Tel: +1 (236) 420-4050
Email:
www.endurometals.com
Forward-Looking Statements
This news release contains statements that constitute "forward-looking statements".
Such forward-
looking statements involve known and unknown risks, uncertainties and other factors that may cause
Enduro's actual results, performance or achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed or implied by such forward-looking
statements. Forward-looking statements are statements that are not historical facts and are generally,
but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would,"
"may," "could" or "should" occur. Forward-looking statements in this news release include expectations
that the TSX Venture Exchange will approve the grant of Options and RSUs and all other statements that
are not historical in nature.
Although Enduro believes the forward-looking information contained in this news release is reasonable
based on information available on the date hereof, by their nature forward-looking statements involve
assumptions, known and unknown risks, uncertainties and other factors which may cause our 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.
The forward-looking information contained in this news release represents the expectations of the
company as of the date of this news release and, accordingly, is subject to change after such date.
Readers should not place undue importance on forward-looking information and should not rely upon this
information as of any other date. While the company may elect to, it does not undertake to update this
information at any particular time except as required in accordance with applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the
adequacy or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/204400