Huntington Announces Grant of Stock Options
June 29 2021 - 3:11PM
Huntington Exploration Inc. (TSXV:HEI) (the
“
Company” or “
Huntington”)
announces that pursuant to Company’s stock option plan, 2,500,000
stock options at an exercise price of $0.31 were granted to the
directors, officers, and consultants to the Company. The stock
options granted vest immediately and are exercisable for a period
of ten years from date of grant. The Company relied on sections 5.5
(a) and (b) and 5.7(a) and (b) of MI 61-101 as the exemption from
the minority approval requirements of MI 61-101 in respect of the
grant of options to the directors and officers of the Company as
neither the fair market value of the subject matter of, nor the
fair market value of the consideration for, the grant of the
options to the director of the Company exceeded 25% of the
Company’s market capitalization.
There are currently 78,420,817 shares issued in the Company.
About Huntington
Huntington is an environmentally responsible
mineral exploration company dedicated to the application of good
geoscience through compliance with the E3 Program developed by the
PDAC. Huntington plans to encapsulate success within the Red
Lake vicinity, noting successful demonstrations of contemporaries
Prosper Gold Corporation and Dixie Gold Inc. Regionally, gold
mineralization has been found following a formational magnetic
signature that parallels the regional Balmer – Narrow Lake
Assemblage (Confederation Group)
unconformity. Neighbour Prosper Gold Corporation has
announced the recovery of a significant number of pristine (rough
and angular) gold grains recovered from systematic till samples and
the recovery of a significant number of pristine (rough and
angular) gold grains recovered from systematic till samples and is
currently in the midst of a 15,000 m drill program. The formational
magnetic feature and the projected unconformity highlighted by
Prosper, trends onto Huntington’s Key-Hole claims.
ON BEHALF OF THE BOARD OF HUNTINGTON EXPLORATION“Bryan
Wilson”President &
CEO416-543-9945bwilson@huntingtonexploration.ca
Investor questions to: Thomas
DoInvestor Relations
ManagerE: thomas@chfir.comT: 416-868-1079 x
232
Note: Website development is ongoing with
expected release in late Q2 2021
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.
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