Magna Mining Announces Grant of Stock Options
Magna Mining Announces Grant of Stock
Options
Sudbury, Ontario
--
(Newsfile Corp.
-
December 23, 2021)
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Magna Mining Inc. (TSXV: NICU) (the
"Company" or "Magna") announces that it has
granted a total of 575,000 stock options to purchase
common shares of the Company to certain directors and officers pursuant to the Company's Share
Incentive Plan. Such options have an exercise price of $0.40 per common share, and vest
immediately. All opt
ions expire on December 23rd, 2026.
About Magna Mining Inc.
Magna Mining is an exploration and development company focused on nickel, copper and PGM
projects in the Sudbury Region of Ontario, Canada. The Company's flagship asset is the past
producing Shakespeare Mine which has major permits for the construction of a 4500 tonne per day
open pit mine, processing plant and tailings storage facility and is
surrounded by a contiguous
180km
2
prospective land package. Additional information about the Company is available on SEDAR
(
www.sedar.com
) and on the Company's website (
www.magnamining.com
).
For further information, please contact:
Paul Fowler, CFA
Senior Vice President
Email:
Cautionary Statement
This press rele
ase contains certain forward
-
looking information or forward
-
looking statements as
defined in applicable securities laws. Forward
-
looking statements are not historical facts and are
subject to several risks and uncertainties beyond the Company's control, in
cluding statements
regarding plans to complete exploration programs, potential mineralization, exploration results and
statements regarding beliefs, plans, expectations or intentions of the Company. Resource exploration
and development is highly speculativ
e, characterized by several significant risks, which even a
combination of careful evaluation, experience and knowledge may not eliminate. All forward
-
looking
statements herein are qualified by this cautionary statement. Accordingly, readers should not pla
ce
undue reliance on forward
-
looking statements. The Company undertakes no obligation to update
publicly or otherwise revise any forward
-
looking statements whether as a result of new information or
future events or otherwise, except as may be required by l
aw.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this
press release.