GR Silver Announces Incentive Options
GR Silver Announces Incentive Options
VANCOUVER, BC
,
Aug. 13, 2024
/CNW/ -
GR Silver Mining Ltd.
("
GR
Silver Mining" or the
"Company") (TSXV:
GRSL
) (OTCQB:
GRSLF
) (
FRANKFURT
:
GPE
) – announces that the Company
has granted a total of 600,000 stock options ("Options") to eligible persons in accordance with the
Omnibus Long-Term Incentive Plan (the "Plan") approved by the Board on
August 2, 2022
and
approved by shareholders at the Company's Annual General Meeting held on
September 18, 2023
,
and subject to the policies of the
TSX
Venture Exchange (the "TSXV").
The options, with a five-year term and exercisable at a price of
$0.16
per common share, shall vest
as to 1/3 on the date of grant and an additional 1/3 on each of
August 12, 2025
and
August 12,
2026
.
About GR Silver Mining Ltd
.
GR Silver Mining is a Canadian-based,
Mexico
-focused junior mineral exploration company engaged
in cost effective silver-gold resource expansion on its 100%-owned assets, located on the eastern
edge of the Rosario Mining District, in the southeast of Sinaloa State,
Mexico
. GR Silver Mining
controls 100% of the former Plomosas underground mine within the Plomosas Project, which
includes the integrated San Marcial Area. In conjunction with a portfolio of early to advanced stage
exploration targets, the Company holds 78 km
2
of highly prospective core concessions and an
additional 270 km
2
of non-core concessions.
GR Silver Mining Ltd.
Eric Zaunscherb, Chair & CEO
Cautionary Statement Regarding Forward-Looking Information
This press release contains "forward-looking statements" within the meaning of applicable
Canadian securities legislation and information that are based on the beliefs of management and
reflect the Company's current expectations. When used in this press release, the words "estimate",
"project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the
negative of these words or such variations thereon or comparable terminology are intended to
identify forward-looking statements and information. Such statements and information reflect the
current view of the Company. Risks and uncertainties may cause actual results to differ materially
from those contemplated in those forward-looking statements and information. By their nature,
forward-looking statements involve 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.
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.
SOURCE
GR Silver Mining Ltd.
View original content to download multimedia:
http://www.newswire.ca/en/releases/archive/August2024/13/c1210.html
%SEDAR: 00040149E
For further information:
For further information, please contact: Eric Zaunscherb, Telephone:
+1.647.293.8457, Email: [email protected]
CO: GR Silver Mining Ltd.
CNW 07:30e 13-AUG-24