StrikePoint Announces AGM Results, Provides Corporate Update
Rhea-AI Summary
StrikePoint Gold (TSXV: SKP) (OTCQB: STKXF) held its annual general and special meeting on December 10, 2024, where shareholders elected five directors to the board: Michael G. Allen, Shawn Khunkhun, Adrian Fleming, Ian Harris, and Darryl Jones. The company also received shareholder approval for appointing Davidson & Company LLP as auditor and the company's stock option plan.
The company granted 1,185,000 incentive stock options to directors, officers, consultants, and employees, exercisable at $0.20 per share until December 11, 2029. Additionally, 75,000 incentive options were awarded to Knox Communications Inc., vesting quarterly over twelve months, with the same exercise price and expiration date. These options are subject to resale restrictions until April 11, 2025.
Positive
- Successful completion of AGM with all proposals approved by shareholders
- Implementation of incentive stock option plan to align management interests with shareholders
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, STKXF declined 5.50%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - December 11, 2024) - StrikePoint Gold Inc. (TSXV: SKP) (OTCQB: STKXF) ("StrikePoint" or the "Company") is pleased to announce the results of its annual general and special meeting of shareholders held on December 10, 2024. The Company elected five directors to its board, namely, Michael G. Allen, Shawn Khunkhun, Adrian Fleming, Ian Harris and Darryl Jones.
The shareholders approved all other matters as proposed, including the appointment of Davidson & Company LLP, Chartered Professional Accountants as auditor of the Company and approval of the Company's stock option plan.
Grant of Options
The Company announces that it has granted 1,185,000 incentive stock options (the "Options") to certain directors, officers, consultants and employees. The options are exercisable at a price of
Additionally, a total of 75,000 incentive options have been awarded to Knox Communications Inc., a Canadian based firm focusing on marketing, investor communications and capital raising endeavors for the Company. The options are exercisable at a price of
Options granted to directors, officers, and consultants of the Company are subject to restrictions on resale until April 11, 2025.
About StrikePoint
StrikePoint is a multi-asset gold exploration company focused on building precious metals resources in the Western United States and in Canada.
Both the Cuprite Gold Project and the Hercules Gold Project are located in Nevada's Walker Lane Gold Trend where StrikePoint is rapidly becoming one of the largest holder of mineral claims with approximately 145 square kilometers of prospective geology under claim.
The Walker Lane hosts AngloGold Ashanti's multi-million once Silicon Gold and Merlin discoveries and Kinross's Tier - 1 Round Mountain Mine.
In addition, the Company controls two advanced-stage exploration assets in British Columbia's Golden Triangle: the past-producing high-grade silver Porter-Idaho Project and the high-grade gold Willoughby Project.
ON BEHALF OF THE BOARD OF DIRECTORS OF STRIKEPOINT GOLD INC.
"Michael G. Allen"
Michael G. Allen
President, Chief Executive Officer & Director
For more information, please contact:
StrikePoint Gold Inc.
Michael G. Allen, President CEO & Director
T: (604) 609-6107
E: ma@strikepointgold.com
W: www.strikepointgold.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233424
FAQ
What was the exercise price of STKXF's newly granted stock options in December 2024?
How many stock options did StrikePoint Gold (STKXF) grant in December 2024?
When do StrikePoint Gold's (STKXF) December 2024 granted options expire?
What is the vesting schedule for Knox Communications' options in StrikePoint Gold (STKXF)?
How long are the resale restrictions on STKXF's December 2024 granted options?
