Lavras Gold Corp. Issues Stock Options and Deferred Share Units

Rhea-AI Summary

Lavras Gold Corp. (LGCFF) has announced the issuance of equity-based compensation to its key personnel. The company granted 714,000 incentive stock options at an exercise price of $2.35 per share to officers, directors, consultants, and employees. These options will vest over three years and expire on May 15, 2030. Additionally, 189,362 deferred share units (DSUs) were issued to officers and directors, vesting after one year. The DSUs can be redeemed for either company shares or cash equivalent upon the holder's departure from their position.

Positive

• Stock options and DSUs align management interests with shareholders
• Extended vesting period of 3 years promotes long-term commitment

Negative

• Potential future dilution from 903,362 new equity instruments
• Additional compensation expense impacts company's financial statements

Toronto, Ontario--(Newsfile Corp. - May 17, 2025) - Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) ("Lavras" or the "Company") has issued incentive stock options to purchase an aggregate of 714,000 common shares (the "Common Shares") of the Company at a price of $2.35 per Common Share to certain officers, directors, consultants and employees of the Company. The stock options vest over three years from the date of issue and expire on May 15, 2030.

As well, the Company issued 189,362 deferred share units ("DSUs") to officers and director of the Company. The DSUs vest one year from the date of issue, subject to certain exceptions, and each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the holder ceases to be an officer or director of the Company.

The stock options and DSUs were granted under the Company's omnibus incentive plan.

About Lavras Gold Corp.

Lavras Gold Corp. (TSXV: LGC) (OTCQX: LGCFF) is a Canadian exploration company focused on realizing the potential of a highly prospective gold district in southern Brazil. Its Lavras do Sul Project is located in Rio Grande do Sul State and is primarily an intrusive hosted gold system of possible alkaline affinity. More than 24 gold prospects centred on historic gold workings have been identified on the property, which spans approximately 23,000 hectares. Follow Lavras Gold on www.lavrasgold.com, as well as on LinkedIn, Twitter, and YouTube.

On Behalf of Lavras Gold Corp.

"Michael Durose"

President & CEO

For further information, please visit the Lavras Gold Corp. website at www.lavrasgold.com, or contact:

Michael Durose, President & CEO
or
Naomi Nemeth, VP Investor Relations
Phone: +1-289-624-1343 or +1-289-624-1377
Email: investor@lavrasgold.com

Website: www.lavrasgold.com
X (Twitter): @LavrasGold
LinkedIn: https://www.linkedin.com/company/lavras-gold-corp

Disclaimer: Neither 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.

Forward-looking statements: This news release includes certain "forward-looking information" within the meaning of Canadian securities legislation and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively "forward looking statements"). Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", "budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252540

FAQ

How many stock options did Lavras Gold (LGCFF) issue in May 2025?

Lavras Gold issued 714,000 incentive stock options at an exercise price of $2.35 per share.

What is the exercise price of Lavras Gold's May 2025 stock options?

The exercise price for the stock options is $2.35 per common share.

When do Lavras Gold's May 2025 stock options expire?

The stock options expire on May 15, 2030.

How many DSUs did Lavras Gold issue in May 2025?

Lavras Gold issued 189,362 deferred share units (DSUs) to officers and directors.

What is the vesting period for Lavras Gold's 2025 stock options and DSUs?

The stock options vest over three years, while the DSUs vest after one year from the date of issue.