G Mining Ventures Grants Equity Incentives
G Mining Ventures Grants Equity Incentives
TSXV
:GMIN
OTCQX:GMINF
BROSSARD, QC
,
Aug. 8, 2023
/CNW/ -
G Mining Ventures Corp.
("
GMIN
" or the "
Corporation
")
(TSXV: GMIN) (OTCQX: GMINF) announces that, in accordance with the Corporation's Omnibus
Equity Incentive Plan (the "
Plan
") approved by the Corporation's shareholders as of
June 6, 2023
, the
Board of Directors has granted, as of
August 7, 2023
, an aggregate of 112,968 stock options (the
"
Options
") and 42,723 restricted share units (the "
RSUs
") to certain officers and employees of the
Corporation.
Each Option confers upon its holder the right to purchase one common share in the capital of the
Corporation (a "
Common Share
"), for a following period of five (5) years and exercisable at a price of
C$1.25
.
Each RSU confers upon its holder the right to receive, without payment of any consideration, one
Common Share or, at the Corporation's option, a cash payment equal to the Fair Market Value (as
defined in the Plan) of such Common Share (with the additional option of receiving any combination of
cash and Common Shares).
The vesting terms for Options as well as RSUs are: one third (1/3) the first anniversary of the date of
grant, one third (1/3) the second anniversary of the date of grant, and one third (1/3) the third
anniversary of the date of grant.
About G Mining Ventures Corp.
G Mining Ventures Corp. (TSXV: GMIN) (OTCQX: GMINF) is a mining company engaged in the
acquisition, exploration and development of precious metal projects, to capitalize on the value uplift
from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious
metals producer by leveraging strong access to capital and proven development expertise. GMIN is
currently anchored by its flagship Tocantinzinho Gold Project in mining friendly and prospective Pará
State,
Brazil
.
Additional Information
For further information on GMIN, please visit the website at
www.gminingventures.com
Neither the 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 press release.
Cautionary Statement on Forward-Looking Information
All statements, other than statements of historical fact, contained in this press release constitute
"forward-looking information" and "forward-looking statements" within the meaning of certain
securities laws and are based on expectations and projections as of the date of this press release.
Forward-looking statements contained in this press release include, without limitation, those related to
the above section entitled "About G Mining Ventures Corp.".
Forward-looking statements are based on expectations, estimates and projections as of the time of
this press release. Forward-looking statements are necessarily based upon a number of estimates
and assumptions that, while considered reasonable by the Corporation as of the time of such
statements, are inherently subject to significant business, economic and competitive uncertainties and
contingencies. These estimates and assumptions may prove to be incorrect. Such
assumptions
include, without limitation, the items listed in the above section entitled "About G Mining Ventures
Corp.".
Many of these uncertainties and contingencies can directly or indirectly affect, and could cause,
actual results to differ materially from those expressed or implied in any forward-looking statements.
There can be no assurance that the Corporation will bring the Tocantinzinho Gold Project into
commercial production and grow into the next mid-tier precious metal producer group, and no
assurance that the State of Par
á will remain mining-friendly and prospective, as future events could
differ materially from what is currently anticipated by the Corporation.
By their very nature, forward-looking statements involve inherent risks and uncertainties, both general
and specific, and risks exist that estimates, forecasts, projections and other forward-looking
statements will not be achieved or that assumptions do not reflect future experience. Forward-looking
statements are provided for the purpose of providing information about management's expectations
and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-
looking statements as a number of important risk factors and future events could cause the actual
outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations,
estimates, assumptions and intentions expressed in such forward-looking statements. All of the
forward-looking statements made in this press release are qualified by these cautionary statements
and those made in the Corporation's other filings with the securities regulators of
Canada
including,
but not limited to, the cautionary statements made in the relevant section of the Corporation's (i)
Annual Information Form dated
April 28, 2023
, for the financial year ended
December 31, 2022
, and
(ii) Management Discussion & Analysis. The Corporation cautions that the foregoing list of factors
that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to
time. The Corporation disclaims any intention or obligation to update or revise any forward-looking
statements or to explain any material difference between subsequent actual events and such forward-
looking statements, except to the extent required by applicable law.
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SOURCE
G Mining Ventures Corp
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%SEDAR: 00047725E
For further information:
Jessie Liu-Ernsting, Vice President, Investor Relations and Communications,
+1.647.728.4176, [email protected]
CO: G Mining Ventures Corp
CNW 16:01e 08-AUG-23