SASKATOON, SK, Jan. 17,
2022 /CNW/ - Omineca Mining and Metals Ltd. (TSXV:
OMM) ("Omineca") announces the grant of 1,300,000 stock
options pursuant to its stock option plan. 300,000 of the
options were granted to directors and executive officers, with the
balance granted to consultants. The options are exercisable
at $0.20 per share and, if not
exercised, expire January 13, 2027,
subject to earlier expiration in accordance with the stock option
plan and the applicable policies of the TSX Venture Exchange.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals' flagship Wingdam gold exploration and
placer recovery project is located 45 km east of Quesnel B.C. on the Barkerville highway.
The Wingdam property includes mineral tenures totalling over 50,000
hectares (500 square km) and in excess of 15 linear kilometers of
placer claims, both encompassing the Lightning Creek valley where
topographic conditions created thick layers of overburden, which
preserved a large portion of a buried paleochannel containing
placer gold-bearing gravels. Omineca also has a diamond drill
program under way exploring for potential multiple hard rock
sources of the placer gold at Wingdam.
Forward Looking Statements
This release includes forward-looking statements regarding
Omineca and its business. Such statements are based on the
current expectations and views of future events of Omineca's
management. In some cases, the forward-looking statements can
be identified by words or phrases such as "may", "will", "expect",
"plan", "anticipate", "intend", "potential", "estimate", "believe"
or the negative of these terms, or other similar expressions
intended to identify forward-looking statements. The
forward-looking events and circumstances discussed in this release
may not occur and could differ materially as a result of the
failure to secure TSX Venture Exchange of the grant of options and
many other factors beyond the control of Omineca. No
forward-looking statement can be guaranteed. Forward-looking
statements and information by their nature are based on assumptions
and involve known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements, or industry results, to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statement or information.
Accordingly, readers should not place undue reliance on any
forward-looking statements or information. Forward-looking
statements speak only as of the date on which they are made and
Omineca undertakes no obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events, or otherwise, except as required by applicable
securities laws.
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.
SOURCE Omineca Mining and Metals Ltd