Tombill Mines Limited Announces Issuance of Options
Tombill Mines Limited Announces Issuance of
Options
Vancouver, British Columbia--(Newsfile Corp. - April 28, 2021) -
Tombill Mines Limited
(TSXV: TBLL)
(the "
Company
" or "
Tombill
") announces that the Board of Directors has approved the grant of
150,000 stock options (the "
Options
") to a participant of the Company's stock option plan (the "
Plan
").
The Options are exercisable into common shares of the Company at an exercise price of $0.19 per
share, vest over a period of 12 months following the grant date and have a 2-year maturity.
As of the date hereof, a total of 15,376,292 common shares of the Company are reserved for issuance
under the Plan with 6,065,489 options remaining for issuance thereunder.
The Company also announces that John Alexander, CFO and Director, purchased in the open market
110,000 shares at $0.17 per share for a total consideration of $18,762.
About the Company
The Company has ownership of various mineral exploration and past-producing gold properties in the
Geraldton and Beardmore region, Ontario.
The Company's business is mineral exploration, primarily
gold. It has 74 claims, of which 62 are owned and patented, five leased, and nine where it owns the
mineral rights. Of these, the Tombill Main Group property comprises 51 owned patents, and four mineral
rights.
For more information, please visit
www.tombillmines.com
, and contact:
Adam Horne
Chairman & Chief Executive Officer
Email:
Tel: +44 (0) 207 529 2351
Reda Jalabi
Strategic Development
Email:
Tel: +44 (0) 207 529 2361
Cautionary Note Regarding Forward-Looking Information
Certain information contained herein constitutes "forward-looking information" under Canadian
securities legislation. Forward-looking information includes, but is not limited to, statements with
respect to the trading date of the Company's common shares on the TSXV. Generally, forward-looking
information can be identified by the use of forward-looking terminology such as "will" or variations of
such words and phrases or statements that certain actions, events or results "will" occur. Forward-
looking statements are based on the opinions and estimates of management as of the date such
statements are made and they are subject to known and unknown risks, uncertainties and other factors
that may cause the actual results to be materially different from those expressed or implied by such
forward-looking statements or forward-looking information. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ materially from
those anticipated in such statements. Readers should not place undue reliance on forward-looking
statements and forward-looking information. The Company will not update any forward-looking
statements or forward-looking information that are incorporated by reference herein, except as
required by applicable securities laws.
Additional information identifying risks and uncertainties is contained in filings by the Company with
the Canadian securities regulators, which filings are available at
www.sedar.com
.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/82068