Winston Gold Grants Stock Options

Rhea-AI Summary

Winston Gold Corp. (CSE:WGC)(OTCQB:WGMCF) has issued 6,100,000 stock options to its directors, officers, and consultants. These options have an exercise price of $0.18 and will expire on October 27, 2025. Winston Gold is focused on developing low-cost, high-grade mining opportunities, particularly its underexplored gold/silver project near Helena, Montana. This stock option grant may align interests between the company's management and shareholders by incentivizing performance.

Positive

• Granting 6,100,000 stock options could align management interests with shareholders.
• The exercise price of $0.18 may reflect confidence in the company's future.

Negative

• None.

News Market Reaction – WGMCF

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-0.72% News Effect

On the day this news was published, WGMCF declined 0.72%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

WINNIPEG, MB / ACCESSWIRE / October 27, 2020 / Winston Gold Corp. ("Winston Gold" or the "Corporation") (CSE:WGC)(OTCQB:WGMCF) announces the Board of Directors of the Corporation has granted a total of 6,100,000 incentive stock options to certain directors, officers and consultants of the Corporation to purchase a total of 6,100,000 common shares at an exercise price of $0.18. The options expire on October 27, 2025.

About Winston Gold
Winston Gold is a junior mining company focused on advancing high-grade, low cost mining opportunities into production. Towards that end, the Corporation has acquired an underexplored and under-exploited gold/silver mining opportunity, being the Winston Gold project near Helena, Montana.

ON BEHALF OF THE BOARD OF DIRECTORS OF THE CORPORATION

For further information, please contact
Murray Nye
Chief Executive Officer
Suite 201-919 Notre Dame Avenue, Winnipeg, Manitoba, R3E 0M8 Canada
Telephone: (204) 989-2434 E-mail: murray@winstongold.com

The CSE has neither approved nor disapproved the information contained herein.

SOURCE: Winston Gold Corp.

View source version on accesswire.com:
https://www.accesswire.com/612387/Winston-Gold-Grants-Stock-Options

FAQ

What is the significance of the stock options granted by Winston Gold Corp?

The stock options may align the interests of management with shareholders and incentivize performance.

What is the exercise price for the stock options granted by Winston Gold Corp?

The exercise price for the stock options is $0.18.

When do the stock options for Winston Gold Corp expire?

The stock options expire on October 27, 2025.

What is the focus of Winston Gold Corp's mining projects?

Winston Gold is focused on advancing high-grade, low-cost mining opportunities, particularly gold and silver.