Strategic Resources Announces Stock Option Grant
Strategic Resources Announces Stock Option
Grant
MONTREAL
,
Aug. 8, 2023
/CNW/ -
Strategic Resources Inc.
(TSXV: SR) (the "Company" or
"Strategic") announces that it has granted incentive stock options under the Company's stock option plan to
certain directors, officers, employees and consultants of the Company to purchase up to an aggregate of
3,000,000 common shares of the Company (the "Grant"). The options are exercisable at a price of
$1.45
per
share, will expire on
August 4, 2028
and are subject to vesting provisions. As part of the Grant, Orion Mine
Finance will receive 200,000 options under the plan and has entered into a consulting agreement with
Strategic.
Additionally, Strategic has entered into an agreement with First Globe Capital International Inc. ("First Globe")
for a 12 month period. First Globe is based out of
Vancouver, British Columbia
, and is owned by
Anish
Sunderji
. First Globe provides marketing and advisory services to its clients. The Company has compensated
First Globe for its services by the issuance of 100,000 options of the Company and will also pay advisory fees
from time to time. The options issued to First Globe are exercisable at a price of
$1.45
per share, will expire
on
August 4, 2028
, and will vest over two years in one-quarter portions every six months. The Company has
also agreed to reimburse First Globe for its reasonable incidental expenses incurred in providing the investor
relation services to the Company. First Globe does not otherwise have any relationship with or hold any
securities of the Company.
About Strategic Resources
Strategic Resources Inc. (TSXV:SR) is a critical mineral exploration and development company focused on
high-purity iron and vanadium projects in
Canada
and
Finland
. The Company is developing its flagship
BlackRock Project, which is a fully permitted and ready to construct mine, concentrator and metallurgical
facility located at a seaport in Québec with full access to the St. Lawrence Seaway. The Company's Head
Office is in
Montreal, Quebec
.
Further details are available on the Company's website at
https://strategic-res.com/
. To follow future news
releases, please sign up at
https://strategic-res.com/contact/
.
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STRATEGIC RESOURCES INC.
Signed:
"Sean Cleary"
Sean Cleary
,
CEO & Chairman
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
View original content:
https://www.prnewswire.com/news-releases/strategic-resources-announces-stock-option-grant-301894220.html
SOURCE
Strategic Resources Inc.
View original content:
http://www.newswire.ca/en/releases/archive/August2023/08/c6333.html
%SEDAR: 00021914E
For further information:
Email [email protected] or contact: Alex Meterissian, VP ESG &
Communications, +1 (514) 316-7096; Scott Hicks, EVP Corporate Development, +1 (604) 646-1890
CO: Strategic Resources Inc.
CNW 07:00e 08-AUG-23