SOMA Announces Grant of Stock Options
SOMA ANNOUNCES GRANT OF STOCK
OPTIONS
VANCOUVER, BC
,
Jan. 10, 2022
/CNW/ -
Soma Gold Corp.
(TSXV: SOMA) (WKN: A2P4DU)
(OTC: SMAGF) (the "
Company
" or "
Soma
") announces, subject to regulatory approval, the grant of
a total of 1,662,000 stock options to directors of the Company to purchase common shares of the
Company in accordance with its Equity Incentive Plan. The options vest immediately and are issued
at an exercise price of
35 cents
per common share and expire five years from the date of issuance.
Upon completion of this grant, there will be 5,249,500 options and RSU's granted under the plan,
representing 6.9% of the outstanding shares of the Company.
ABOUT SOMA GOLD
Soma Gold Corp. (TSXV: SOMA, OTCQB: SMAGF, WKN: A2P4DU) is a mining company focused
on gold production and exploration. The Company owns two adjacent mining properties in Antioquia,
Colombia
with a combined milling capacity of 675 TBD (permitted for 1,400 TBD). The El Bagre Mill
is currently operating and producing. Internally generated funds are being used to finance a regional
exploration program.
The Company also owns an exploration and development property near Tucuma, Para State,
Brazil
.
On behalf of the Board of Directors
"Javier Cordova Unda"
Chief Executive Officer and President
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.
All statements, analysis and other information contained in this press release about anticipated
future events or results constitute forward-looking statements. Forward-looking statements are
often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan",
"estimate", "expect" and "intend" and statements that an event or result "may", "will", "should",
"could" or "might" occur or be achieved and other similar expressions. Forward-looking statements
are subject to business and economic risks and uncertainties and other factors that could cause
actual results of operations to differ materially from those contained in the forward-looking
statements. Forward-looking statements are based on estimates and opinions of management at the
date the statements are made. The Company does not undertake any obligation to update forward-
looking statements even if circumstances or management's estimates or opinions should change
except as required by applicable laws. Investors should not place undue reliance on forward-looking
statements.
SOURCE
Soma Gold Corp.
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For further information:
For further information, please contact Andrea Laird, telephone: +1-604-
259-0302
CO: Soma Gold Corp.
CNW 18:59e 10-JAN-22