Top

Stratabound Minerals Corp.

TSXV Exchange | Jul 10, 2020, 12:59 PM EDT | Real-time price

SB $ 0.175 RT
CHANGE
-0.02 (-10.256%)
VOLUME
147,401
Day Low: 0.175
Day High: 0.19
 Back
Stratabound Minerals Corp. Issues Options and Employee Bonus Shares

Toronto, Ontario--(Newsfile Corp. - May 27, 2020) - Stratabound Minerals Corp. (TSXV: SB) ("Stratabound" or the "Company") announced that it has, subject to exchange approval, issued a total of 600,000 bonus shares to two executives of the Company in recognition of their work on behalf of the Company during the past year. The shares are issued at a deemed price of $0.075, and are subject to 4 month hold trading restrictions.

The Company is also pleased to announce that effective January 16, 2020, it has issued a total of 800,000 options pursuant to its incentive stock option plan ("Plan") to management, employees and consultants. Each option entitles the holder to subscribe for one common share of Stratabound for $0.10 for a period of 5 years, subject to the terms of the Plan. The options will vest 50% immediately with the remaining 50% to vest in one year from grant date.

On May 19, 2020, the Company also issued a total of 800,000 options pursuant to its incentive stock option plan ("Plan") to the Directors of the Company. Each option entitles the holder to subscribe for one common share of Stratabound for $0.10 for a period of 5 years, subject to the terms of the Plan. The options will vest 50% immediately with the remaining 50% to vest in one year from grant date..

About Stratabound Minerals Corp.

Stratabound Minerals Corp. is a Canadian exploration and development company focused on gold exploration at its flagship Golden Culvert Project, Yukon Territory and its new McIntyre Brook Project, New Brunswick, Canada. The Company also holds a significant land position that hosts three base metals deposits in the Bathurst base metals camp of New Brunswick featuring the Captain Copper-Cobalt-Gold Deposit that hosts an NI 43-101 Measured and Indicated Resource.

For more information please visit the company's website at www.stratabound.ca.

For further information contact: R. Kim Tyler, President and CEO 416-915-4157 info@stratabound.com www.stratabound.com

Not for distribution to U.S. newswire services for dissemination in the United States of America. Any failure to comply with this restriction may constitute a violation of U. S. securities law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/56672

Copyright © QuoteMedia. Data delayed 15 minutes unless otherwise indicated. View delay times for all exchanges. Market Data powered by QuoteMedia. See the QuoteMedia Terms of Use.