Royal ROAD Minerals Announces Incentive Stock Option Grants
NEWS RELEASE
ROYAL ROAD MINERALS ANNOUNCES INCENTIVE STOCK OPTION GRANTS
September 22, 2021 – Toronto, Ontario : Royal Road Minerals Limited (TSXV:RYR) (“ Royal Road
Minerals” or the “ Company”) is pleased to announce the award of stock options under its stock
option plan.
The Company has granted incentive stock options to purchase an aggregate of 3,500,000 ordinary
shares of the Company pursuant to the Company’s stock option plan. The options are exercisable
until September 21, 2023 at a price of $0.30 per share and shall vest as to 30% of the options, 90 days
from the grant date; as to a further 30% of the options, 180 days from the grant date; and as to the
remainder of the options, 360 days from the grant date. The Company has issued a total of 19,412,941
employee stock options representing 7.32% of its issued share capital.
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
release.
Cautionary statement:
This news release may c ontain certain information that constitutes forward -looking statements.
Forward-looking statements are frequently characterized by words such as “plan,” “expect,”
“project,” “intend,” “believe,” “anticipate” and other similar words, or statements that certain events
or conditions “may” or “will” occur and include statements regarding the granting of options .
Forward-looking statements are based on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of r isks and uncertainties and other factors that
could cause actual events or results to differ materially from those projected in the forward -looking
statements. These factors include the inherent risks involved in financing transactions, exploration
and dev elopment of mineral properties, the hiring and retention of directors and officers, the
uncertainties involved in interpreting drilling results and other geological data, fluctuating metal
prices, permitting and licensing and other factors described above and in the Company’s most recent
annual information form under the heading “Risk Factors”, which has been filed electronically by
means of the Canadian Securities Administrators’ website located at www.sedar.com. The Company
disclaims any obligation to upd ate or revise any forward -looking statements if circumstances or
management’s estimates or opinions should change. The reader is cautioned not to place undue
reliance on forward-looking statements.
For further information please contact:
Dr. Timothy Coughlin
President and Chief Executive Officer
USA-Canada toll free 1800 6389205
+44 (0)1534 887166
+44 (0)7797 819539