/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR
RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR
INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/
CALGARY,
AB, July 25, 2022 /CNW/ - Jasper Mining
Corporation ("Jasper" or the "Company") (TSXV: JSP)
announces a grant of stock options to its newly appointed
management team and the members of its board of directors.
In connection with the recently completed recapitalization
transaction, closing of which was announced by a news release on
July 15, 2022, the board of directors
of Jasper approved the amendment and restatement of the Company's
stock option plan (the "New Option Plan") and the grant thereunder
of an aggregate of 5,050,000 options to purchase Common Shares
("Options") to directors and officers of the Company. Each Option
is exercisable for one Common Share at a price of $0.15 per Common Share until July 25, 2027. Pursuant to TSXV policies, the New
Option Plan and the Options granted thereunder must be approved at
the next meeting of the shareholders of the Company and until such
time, none of the Options may be exercised.
About Jasper
Jasper is an Alberta
corporation. The Common Shares are listed on the TSXV under the
trading symbol "JSP".
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
SOURCE Jasper Mining Corporation
