Sonoran Desert Copper Corporation Issues Options

Rhea-AI Summary

Sonoran Desert Copper (TSXV: SDCU) has announced changes to its stock option issuance. The company has cancelled the previously announced issuance of 1.55 million options at $0.20 per share, which was disclosed in a news release on June 27, 2024. Instead, SDCU will now grant 1.55 million stock options to its officers and directors. These new options will have an exercise price of $0.25 per share and will expire five years from the date of grant. This adjustment represents a 25% increase in the exercise price compared to the cancelled options.

Positive

• Increased exercise price of stock options from $0.20 to $0.25, potentially indicating management's confidence in future stock performance
• Alignment of interests between officers, directors, and shareholders through stock option grants

Negative

• Cancellation of previously announced stock options may create uncertainty among investors
• Higher exercise price could potentially reduce the attractiveness of options for recipients

News Market Reaction

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On the day this news was published, PMDRF declined NaN%, reflecting a moderate negative market reaction.

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Vancouver, British Columbia--(Newsfile Corp. - August 9, 2024) - Sonoran Desert Copper Corporation (TSXV: SDCU) ("SDCU'' or the "Company") announces that the issuance of 1.55 million options at $0.20 announced in the Company's June 27, 2024 news release was cancelled. The Company further announces that 1.55 million stock options will now be granted to officers and directors of the company. The options will have an exercise price of $0.25 per share, and expire five years from the date of the grant.

ABOUT SONORAN DESERT COPPER CORPORATION
Sonoran Desert Copper Corporation is focused on securing, developing and monetizing materials assets and technologies to build shareholder value.

On behalf of the Board of Directors of
SONORAN DESERT COPPER CORPORATION

"Brian Leeners"

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219394

FAQ

What changes did Sonoran Desert Copper (TSXV: SDCU) make to its stock option issuance?

SDCU cancelled the previously announced 1.55 million options at $0.20 and will now grant 1.55 million stock options to officers and directors at an exercise price of $0.25 per share, expiring in five years.

What is the new exercise price for Sonoran Desert Copper 's (TSXV: SDCU) stock options?

The new exercise price for SDCU's stock options is $0.25 per share, an increase from the previously announced $0.20 per share.

How long will the newly issued stock options for Sonoran Desert Copper (TSXV: SDCU) be valid?

The newly issued stock options for SDCU will expire five years from the date of grant.

Who are the recipients of the new stock options issued by Sonoran Desert Copper (TSXV: SDCU)?

The new stock options will be granted to officers and directors of Sonoran Desert Copper