Sanu Gold Corp. Issues Stock Options

Rhea-AI Summary

Sanu Gold Corp. (OTCQB: SNGCF) has announced the granting of stock options to company insiders. The company has issued a total of 11,650,000 incentive stock options to officers, directors, and other eligible individuals. These options come with a five-year exercise period and can be exercised at $0.25 per share, subject to vesting provisions.

Positive

• None.

Negative

• Potential dilution from 11,650,000 new stock options if exercised

Vancouver, British Columbia--(Newsfile Corp. - July 11, 2025) - Sanu Gold Corp. (CSE: SANU) (OTCQB: SNGCF) ("Sanu Gold" or the "Company") announces that it has granted an aggregate 11,650,000 incentive stock options to certain officers, directors and other eligible persons of the Company. The options are exercisable, subject to vesting provisions, over a period of five years at a price of $0.25 per share.

About Sanu Gold
Located within the Siguiri Basin, a world class gold district that is host to several operating mines and major new discoveries, Sanu Gold is exploring three high quality gold exploration permits in Guinea, West Africa. The Company has defined multi-kilometer long gold-bearing structures on each of the gold exploration permits, with multiple high-value drill targets and is targeting multi-million ounce gold discoveries. Sanu Gold is operated by a highly experienced team, with successful records of discovery, resource development and mine permitting.

Martin Pawlitschek
President & CEO, Sanu Gold Corp.

For further information regarding Sanu Gold, please visit the Company's website at www.sanugoldcorp.com or contact:

Anthony Simone
Simone Capital
416-881-5154
asimone@simonecapital.ca

Neither the Canadian Securities Exchange nor its Regulation Services Provider 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/258651

FAQ

How many stock options did Sanu Gold (SNGCF) issue in July 2025?

Sanu Gold issued 11,650,000 incentive stock options to officers, directors, and other eligible persons.

What is the exercise price for Sanu Gold's July 2025 stock options?

The stock options have an exercise price of $0.25 per share.

What is the expiration period for Sanu Gold's (SNGCF) July 2025 stock options?

The stock options have a five-year exercise period, subject to vesting provisions.

Who received the stock options from Sanu Gold in July 2025?

The stock options were granted to officers, directors and other eligible persons of the company.