Galway Metals Announces Adoption of Equity Incentive Plan
Galway Metals Announces Adoption of Equity Incentive Plan
(Toronto, Ontario, March 2, 2023) - Galway Metals Inc. TSX -V: GWM ; OTCQB: GAYMF ) (the
"Company" or “ Galway”) is pleased to announce that at the Company’s Annual General and Special
meeting (the “Meeting”) held on December 14, 2022, the shareholders of the Company adopted the
Company’s amended equity incentive plan (the “Plan”) which has a 10% rolling stock option component
reserving an aggregate of 20,154,942 shares for issuance as of the date of the Meeting. Because the
Company consolidated its common shares on the basis of one post-consolidation common share for every
three pre-consolidation common shares on January 25, 2023, there are now an aggregate of 6,718,312
shares reserved for issuance under the Plan as of March 2, 2023.
The Plan was amended to comply with the TSX Venture Exchange’s new Policy 4.4 Security Based
Compensation, which was updated in November 2021. For more information and for the full text of the
Plan, refer to the Company’s information circular dated November 10, 2022, available on its profile at
www.sedar.com.
About the Company
Galway Metals is focused on creating significant per share value through the exploration and sustainable
development of its two 100%-owned projects in Canada. Galway’s flagship, Clarence Stream, is one of the
most important gold districts in Atlantic Canada as it hosts a large, high-grade gold resource in SW New
Brunswick. Also important is Estrades, the former-producing, high-grade, gold- and zinc-rich polymetallic
VMS mine in the northern Abiti bi of western Quebec as it hosts significant resources in the middle of a
major 10-million-ounce gold camp, based on production, reserves and resources . Galway’s activities will
be conducted while respecting the environment and communities in which it oper ates. Galway is well
capitalized. The Company began trading on January 4, 2013, after its successful spinout to existing
shareholders from Galway Resources following the completion of the US$340 million sale of that company.
With substantially the same management team and Board of Directors, Galway Metals is keenly intent on
creating similar value as it had with Galway Resources.
Should you have any questions and for further information, please contact (toll free):
Galway Metals Inc.
Robert Hinchcliffe
President & Chief Executive Officer
1-800-771-0680
Website: www.galwaymetalsinc.com
Email: [email protected]
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CAUTIONARY STATEMENT: 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
of this news release. No stock exchange, securities commission or other regulatory authority has approved
or disapproved the information contained herein.
This news release contains forward -looking information which is not comprised of historical facts.
82 Richmond Street East Tel: 800-771-0680
Toronto, ON M5C 1P1 Fax: 416-361-0923
Forward-looking information involves risks, uncertainties and other factors that could cause actual events,
results, performance, prospects and opportunities to differ materially from those expressed or implied by
such forward-looking information. Forward-looking information in this news release includes statements
made herein with respect to, among other things, the Company’s objectives, goals or future plans, potential
corporate and/or property acquisitions, exploration results, potential mineralization, exploration and mine
development plans, timing of the commencement of operations, and estimates of market conditions. Factors
that could cause actual results to differ materially from such forward -looking information include, but are
not limited to, exploration results being less favourable than anticipated, capital and operating costs varying
significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental
or other project approvals, political risks, uncertainties relating to the availability and costs of financing
needed in the future, changes in equity mar kets, inflation, changes in exchange rates, fluctuations in
commodity prices, delays in the development of projects, risks associated with the defence of legal
proceedings and other risks involved in the mineral exploration and development industry, as well as those
risks set out in the Company’s public disclosure documents filed on SEDAR. Although the Company
believes that management’s assumptions used to develop the forward -looking information in this news
release are reasonable, including that, among other things, the Company will be able to identify and execute
on opportunities to acquire mineral properties, exploration results will be consistent with management’s
expectations, financing will be available to the Company on favourable terms when required, commodity
prices and foreign exchange rates will remain relatively stable, and the Company will be successful in the
outcome of legal proceedings, undue reliance should not be placed on such information, which only applies
as of the date of this news release, and no assurance can be given that such events will occur in the disclosed
time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-
looking information contained herein, whether as a result of new inform ation, future events or otherwise,
except as required by applicable securities laws.