West Point Gold Announces Stock Option Grant
Rhea-AI Summary
West Point Gold (TSXV: WPG) (OTCQB: WPGCF) has announced a new stock option grant approved by its Board of Directors. The company has granted 450,000 stock options to certain directors and consultants under its 2020 Stock Option Plan. The options are exercisable at $0.33 per share, vest immediately, and will expire on February 13, 2030.
Additionally, the company issued a correction regarding its previous press release about engaging ICP Securities Inc., clarifying that the correct start date is February 12, 2025, not February 12, 2024 as initially stated.
Positive
- Immediate vesting of stock options provides instant equity incentive for directors and consultants
Negative
- Potential dilution of shareholder value through 450,000 new stock options
News Market Reaction – WPGCF
On the day this news was published, WPGCF gained 9.69%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - February 13, 2025) - West Point Gold, (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") announces that its Board of Directors has approved a grant of stock options to certain directors and consultants of the Company pursuant to the Company's 2020 Stock Option Plan. A total of 450,000 stock options have been granted to acquire common shares in the capital of the Company at an exercise price of
Correction: West Point's press release dated February 13, 2025, announcing its engagement with ICP Securities Inc., incorrectly stated the start date as February 12, 2024, which should have been February 12, 2025.
About West Point Gold Corp.
West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada.
For further information regarding this press release, please contact:
Aaron Paterson, Corporate Communications Manager
Phone: +1 (778) 358-6173
Email: info@westpointgold.com
Stay Connected with Us:
LinkedIn: linkedin.com/company/west-point-gold
X (Twitter): @westpointgoldUS
Facebook: www.facebook.com/Westpointgold/
Website: westpointgold.com
FORWARD-LOOKING STATEMENTS:
This press release may contain forward-looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business, including any future private placements, the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents, which can be found on SEDAR at www.sedarplus.ca. West Point Gold does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.
Neither the 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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240854
FAQ
How many stock options did West Point Gold (WPGCF) grant in February 2025?
What is the exercise price for West Point Gold's February 2025 stock options?
When do West Point Gold's February 2025 stock options expire?
Do West Point Gold's February 2025 stock options have a vesting period?
