Mistango to Issue Shares and Option Grant
Mistango to Issue Shares and Option Grant
Toronto, Ontario – February 7th, 2025 – Mistango River Resources Inc. ("Mistango" or the "Company")
(MIS: CSE) is pleased to announce that it will issue 50,000 shares and 50,000 share purchase warrants (the
“Offering”) in conjunction with an exploration agreement dated August 29, 2024, between the Company
and a local partner. Each share purchase warrant is exercisable to acquire one common share in the capital
of the Company at an exercise price of $0.05 per warrant for a period of 24 months from the date of the
agreement.
Under applicable securities laws in Canada, all securities issued in connection with the Offering are subject
to a four-month and one-day hold period from the date of issuance. This issuance is subject to receipt of
necessary approvals, including the approval of the Canadian Securities Exchange.
Stock Option Grant
The Company is pleased to announce that the Board of Directors has approved the grant of stock options
to certain directors, officers, and consultants of the Company, allowing for the acquisition of up to, in the
aggregate, 2,400,000 shares of the Company. 2,025,000 stock options were granted to certain directors
and officers of the Company. The options are exercisable at a price of CAD $0.05 per share for five (5)
years from the date of grant, vest one (1) year from the date of grant and are subject to regulatory policies
and approvals.
The grant of options to certain directors and officers is a "related party transaction" under Multilateral
Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61 -101"). The
Company relied on the exemptions from the formal valuation and minority shareholder approval
requirements of MI 61 -101 contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related
party matters, as the Company is listed on the Canadian Securities Exchange and neither the fair market
value (as determined under MI 61 -101) of the subject matter of, nor the fair market value of the
consideration for, the transaction, insofar as it involves the related parties, exceeded 25% of the
Company's market capitalization (as determined under MI 61-101).
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To Speak to the Company directly, please contact:
Stephen Stewart, Chairman
Phone: 416.644.1567
Email: [email protected]
www.mistango.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider accept responsibility for the
adequacy or accuracy of this release. Certain information in this press release may contain forward-looking
statements. This information is based on current exp ectations that are subject to significant risks and
uncertainties that are difficult to predict. Actual results might differ materially from results suggested in any
forward-looking statements. Mistango assumes no obligation to update the forward-looking statements,
or to update the reasons why actual results could differ from those reflected in the forward looking -
statements unless and until required by securities laws applicable to Mistango. Additional information
identifying risks and uncertainties is contained in filings by Mistango with Canadian securities regulators,
which filings are available under Mistango profile at www.sedarplus.ca.