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Optegra Ventures Inc. — Capital/Financing Update 2020
Jul 18, 2020
47380_rns_2020-07-17_fc05afab-01c8-4273-82f4-84fe3d6051bc.pdf
Capital/Financing Update
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ESSEX MINERALS INC.
Vancouver, British Columbia
ESSEX GRANTS STOCK OPTIONS
Not for Distribution in the United States or dissemination through a U.S. newswire service
July 17, 2020 – Vancouver, BC – Essex Minerals Inc. (the “Company”) (TSX-V: ESX) announces that it has granted incentive stock options to its directors and officers to purchase up to an aggregate 2,100,000 common shares in the capital of the Company (the “ Options ”). The Options have been allocated as follows:
| Name | Position | Number of Options |
|---|---|---|
| Paul Loudon | Director,President,CEO | 500,000 |
| Elena Tanzola | CFO,Corporate Secretary | 500,000 |
| Patrick Harford | V.P Business Development | 500,000 |
| James Harris | Independent Director | 300,000 |
| Megan Lewis | Independent Director | 300,000 |
The Options are exercisable for a period of 5 years, expiring on July 17, 2025, at an exercise price of C$0.40 per share, being a $0.05 (14.3%) premium to the last closing price of Essex common shares on the TSX Venture Exchange (on July 14, 2020), prior to the date of the grant. All Options were granted in accordance with the Company’s stock option plan.
About Essex
Essex Minerals is an exploration and development company focused on mineral exploration and development opportunities where it can adopt an option earn-in and joint venture model without the issuance of vendor shares. By identifying geological teams that have already expended the time and capital to assemble top quality, advanced projects, with a particular emphasis gold projects in Tier 1 jurisdictions, Management’s time can be shared across a number of different projects, as the geological teams already in place will be managing the approved exploration and development programmes.
On behalf of Essex Minerals
Paul Loudon CEO & Director
For further information please contact:
Harbor Access LLC
Graham Farrell email: [email protected] Tel: +1 (416) 842 9003 Jonathan Paterson email: [email protected] Tel: +1 (203) 202 2028
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.
The securities offered have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, U.S. persons (as defined under the U.S. Securities Act) absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.