Doré Copper Announces Grant of Stock Options and Deferred Share Units
May 12 2022 - 5:08PM
Doré Copper Mining Corp. (the "
Corporation" or
"
Doré Copper") (TSXV: DCMC; OTCQX: DRCMF; FRA:
DCM) has granted 765,000 stock options to management, consultants
and advisors. The stock options have an exercise price of $0.59 per
share and a term of five years. The Company has also granted an
aggregate total of 150,000 deferred share units (“DSU’s”) to the
independent directors of the Company. The DSUs are payable in
common shares of the Company upon the holder ceasing to be a
director of the Company. Both issuances were done in accordance
with the Company’s omnibus share incentive plan.
About Doré Copper Mining
Corp.
Doré Copper Mining Corp. aims to be the next
copper producer in Québec with an initial production target of +50
Mlbs of copper equivalent annually by implementing a hub-and spoke
operation model with multiple high-grade copper-gold assets feeding
its centralized Copper Rand mill. The Corporation has delivered its
PEA in May 2022 and plans to commence a feasibility study and
submit permit applications by mid-year.
The Corporation has consolidated a large land
package in the prolific Lac Doré/Chibougamau and Joe Mann mining
camps that has produced 1.6 billion pounds of copper and
4.4 million ounces of gold1. The land package includes 13
former producing mines, deposits and resource target areas within a
60-kilometre radius of the Corporation’s Copper Rand Mill.
For further information, please contact:
Ernest Mast |
Laurie Gaborit |
President and Chief Executive Officer |
Vice President, Investor Relations |
Phone: (416) 792-2229 |
Phone: (416) 219-2049 |
Email: ernest.mast@dorecopper.com |
Email: laurie.gaborit@dorecopper.com |
Visit: www.dorecopper.com Facebook: Doré Copper MiningLinkedIn:
Doré Copper Mining Corp.Twitter: @DoreCopperInstagram:
@DoreCopperMining
- Sources for historic production
figures: Economic Geology, v. 107, pp. 963–989 - Structural and
Stratigraphic Controls on Magmatic, Volcanogenic, and Shear
Zone-Hosted Mineralization in the Chapais-Chibougamau Mining Camp,
Northeastern Abitibi, Canada by François Leclerc et al. (Lac
Dore/Chibougamau mining camp) and NI 43-101 Technical Report on the
Joe Mann Property dated January 11, 2016 by Geologica
Groupe-Conseil Inc. for Jessie Ressources Inc. (Joe Mann
mine).
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 news release.
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