Forty Pillars Announces Grant of Stock Options and RSUs
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION
IN THE UNITED STATES
Forty Pillars Announces Grant of Stock Options and RSUs
Vancouver, British Columbia – December 31, 2024 – Forty Pillars Mining Corp. (“Forty” or
the “Company”) (CSE: PLLR), a North American mineral acquisition and exploration company,
announces that it has granted an aggregate of 315,000 stock options (“Options”) and 100,000
restricted share units (“ RSUs”) pursuant to its omnibus equity incentive compensation plan to
certain consultants of the Company. The stock options are exercisable at a price of $ 0.10 per
share and expire five years from the date of grant. The RSUs shall vest four months after the date
of grant.
The Options, RSUs, and the underlying shares will be subject to a four month hold period expiring
May 1 , 2025 in accordance with applicable Canadian securities laws and the policies of the
Canadian Securities Exchange.
The Company also announces that, further to its news release dated December 26, 2024, the
Company has completed its non-brokered private placement of flow-though common shares (“FT
Shares”). The Company previously issued an aggregate of 1,818,182 flow -through common
shares at $0.11 per FT share for gross proceeds of $200,000 . The Company will not be closing
additional tranches of the private placement.
About Forty Pillars
Forty Pillars Mining Corp. is a Vancouver, B.C. based mineral exploration company focused on
exploring the Silver Dollar Project located in the Greenwood Mining Division, B.C. The Company
also has an option to acquire a 100% interest in the Val-d’Or North property in the Abitibi sub -
province of Quebec.
FOR FURTHER INFORMATION CONTACT:
Nader Vatanchi
Chief Executive Officer
p: 778-881-4631
The Canadian Securities Exchange has not approved or disapproved this news release.
This news release may contain statements which constitute “forward‐looking information”. The
words “may”, “potential”, “should”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”,
“estimate”, “expect”, and similar expressions, are intended to identify such forward ‐looking
statements. Investors are cautioned that any such forward‐looking statements are not guarantees
of future business activities and involve risks and uncertainties, and that the Company’s future
business activities may differ materially from those in the forward‐looking statements. There can
be no assurances that such information will prove accurate and, therefore, readers are advised
to rely on their own evaluation of such uncertainties. The Company does not assume any
obligation to update any forward -looking information except as required under the applicable
securities laws.
The securities offered have not been and will not be registered under the United States Securities
Act of 1933, as amended, and may not be offered or sold in the United States absent registration
or applicable exemption from the registration requirements.