VANCOUVER, Sept. 14, 2018 /CNW/ - Boreal Metals Corporation
("Boreal" or the "Company") (TSXV:BMX) announces that
pursuant to the Company's Stock Option Plan, a total of 4,925,000
incentive stock options have been granted to its directors,
officers, and consultants. The stock options are exercisable
at a price of $0.20 per share for a
period of 10 years, subject to regulatory approval. The
Options shall vest one-third immediately upon the Date of Grant,
one-third on the first anniversary of the Date of Grant, and the
remaining one-third on second anniversary of the Date of Grant.
About Boreal Metals Corporation
Boreal is a mineral exploration company focused on the discovery
of Zinc, Copper, Silver, Gold and Cobalt deposits in exceptional,
historical mining project areas spanning Sweden and Norway. The Company aims to discover new
economic mineral deposits in known mining districts that have seen
little or no modern exploration techniques. The Company is
led by an experienced management team and technical team, with
successful track records in mineral discovery, mining development
and financing.
On behalf of Boreal Metals Corporation
Karl Antonius, President
Neither 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.
Cautionary Note Regarding Forward-Looking Statements
This news release contains certain statements that may be deemed
"forward‐looking statements". Forward‐looking statements are
statements that are not historical facts and are generally, but not
always, identified by the words "expects", "plans", "anticipates",
"believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would",
"may", "could" or "should" occur. Although Boreal believes
the expectations expressed in such forward‐looking statements are
based on reasonable assumptions, such statements are not guarantees
of future performance, are subject to risks and uncertainties, and
actual results or realities may differ materially from those in the
forward‐looking statements. Such material risks and
uncertainties include, but are not limited to, Boreal's ability to
raise sufficient capital to fund its obligations under its property
option agreements, to maintain its mineral tenures and concessions
in good standing, to explore and develop its projects, to repay its
debt and for general working capital purposes; changes in economic
conditions or financial markets; the ability of Boreal to obtain
the necessary permits and consents required to explore, drill and
develop the projects and if obtained, to obtain such permits and
consents in a timely fashion relative to Boreal plans and business
objectives for the projects; the general ability of Boreal to drill
test its projects and find mineral resources; if any mineral
resources are discovered or acquired, the Company's ability to
monetize any such mineral resources; and changes in environmental
and other laws or regulations that could have an impact on the
Company's operations. Forward‐looking statements are based on the
reasonable beliefs, estimates and opinions of Boreal management on
the date the statements are made. Except as required by law, Boreal
undertakes no obligation to update these forward‐looking statements
in the event that management's beliefs, estimates or opinions, or
other factors, should change.
SOURCE Boreal Metals