Winshear Gold Corp Grants Significant Stock Options
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Winshear Grants 2,100,000 Incentive Stock Options
Winshear Gold Corp. (TSX-V: WINS) has granted 2,100,000 incentive stock options to directors, officers, employees, and consultants of the Company. The options feature an exercise price of $0.13 per share and have an expiration date set for five years later. Importantly, the options will vest on a quarterly basis over the upcoming twelve months.
Understanding Winshear’s Stock Option Plan
The Stock Option Plan established by Winshear enables the issuance of options amounting to up to 10% of the total issued and outstanding share capital. Following this recent grant, Winshear has a total of 2,100,000 options issued, which accounts for approximately 6.69% of its total issued and outstanding share capital. Of these options, 2,050,000 have been allocated specifically to the Company’s Directors and Officers.
Insights on Winshear Gold Corp.
As a Canadian-based minerals exploration company, Winshear Gold Corp. is actively progressing the Gaban Gold Project located in the Puno region of Peru. The Gaban Project is considered a potential hard-rock source contributing to the modern-day alluvial gold rush currently defining the Madre de Dios basin, roughly 40km north of the Gaban site. The company is gearing up to conduct drill tests at the strategically significant 2.2km x 1.1km Coritiri gold target within the Gaban, with drilling operations expected to commence shortly.
Drilling Operations and Future Goals
The upcoming drilling phase at the Gaban Gold Project signifies Winshear’s commitment to exploring and potentially developing this resource further. The focus on the Coritiri gold target represents a key element of the Company’s exploration strategy, aimed at advancing its project portfolio and maximizing shareholder value.
Leadership at Winshear Gold Corp.
Under the leadership of CEO Richard D. Williams, Winshear Gold Corp. continues to pursue strategic initiatives that align with its long-term vision in the mining sector. The proactive steps undertaken, including the recent grant of stock options, signal confidence in the future trajectory of the Company and its operations.
Contact Information
For additional details regarding Winshear Gold Corp. and its initiatives, interested parties are encouraged to reach out to Irene Dorsman at (604) 210-8751 or via email at irene@winshear.com.
Frequently Asked Questions
What is the significance of the stock options granted by Winshear?
The stock options are designed to incentivize and reward directors, officers, employees, and consultants, thereby aligning their interests with the Company's performance and future growth.
What is the duration and exercise price of the stock options?
The granted stock options have an exercise price of $0.13 per share and will expire five years after their issuance.
How many options are allocated to the directors and officers?
Out of the total 2,100,000 options granted, 2,050,000 have been specifically allocated to the Company’s directors and officers.
What projects is Winshear Gold Corp. currently working on?
Winshear Gold Corp. is primarily focused on advancing the Gaban Gold Project in Peru, which involves upcoming drilling tests at the Coritiri gold target.
Who can potential investors contact for more information?
For inquiries about Winshear Gold Corp., potential investors can contact Irene Dorsman via phone or email for more information.
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