Equitorial Exploration Announces the Cancellation of Certain Stock Options
EQUITORIAL EXPLORATION CORP.
Suite 1400 – 1111 West Georgia Street
Vancouver, British Columbia Canada V6E 4M3
EQUITORIAL EXPLORATION ANNOUNCES THE CANCELLATION OF CERTAIN
STOCK OPTIONS
Vancouver, BC, Canada – May 8, 2018 – Equi torial Exploration Corp. (TSX-V:EXX,
Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) announces that effective
April 1, 2018 and May 1, 2018, the Company can celled a total of 1,675,000 incentive stock
options (“Options”) granted under the Company’ s stock option plan (the “ Option Plan ”) to
certain Consultants of the Company (a total of 675,000 Options cancelled effective April 1, 2018
and a total of 1,000,000 Options cancelled effect ive May 1, 2018). The April 1, 2018 cancelled
Options were voluntarily surrendered by the holders thereof for no consideration. The May 1,
2018 cancelled Options were negoti ated with the Consultants at a lower number of Options. The
cancelled Options were granted from May 24, 2013 to November 13, 2017, and were
exercisable at prices ranging fr om $0.10 to $0.275 for a period of five years from the date of
grant.
The Option Plan allows the board of directors to issue the equivale nt of up to 10% of the issued
and outstanding share capital of the Company on a rolling basis.
About Equitorial Exploration Corp
Equitorial is aggressively de veloping four 100%-owned, high-potential, lithium projects in
North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock,
lithium property in the NWT. The Cat Lake Lithium Property in Manitoba, Canada is directly
adjacent to the Cat Lake Mineral Project, a highly prospective Lithium property. The Tule and
Gerlach Lithium Brine Projects are located in lit hium-rich Utah and Nevada within easy reach
of the Tesla Gigafactory #1. All four projects have demonstrated highly encouraging grades.
For more information please visit: http://equitorialexploration.com/
On behalf of the Board of Directors
EQUITORIAL EXPLORATION CORP.
“Jack Bal”
Jack Bal, CEO and Director
For further information, please contact Jack Bal at 604-306-5285
Neither the TSX Venture Exchange nor its Regulation S ervices Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.