MONTREAL, Aug. 8, 2023
/CNW/ - Strategic Resources Inc. (TSXV: SR) (the
"Company" or "Strategic") announces that it has granted
incentive stock options under the Company's stock option plan to
certain directors, officers, employees and consultants of the
Company to purchase up to an aggregate of 3,000,000 common shares
of the Company (the "Grant"). The options are exercisable at a
price of $1.45 per share, will expire
on August 4, 2028 and are subject to
vesting provisions. As part of the Grant, Orion Mine Finance will
receive 200,000 options under the plan and has entered into a
consulting agreement with Strategic.
Additionally, Strategic has entered into an agreement with First
Globe Capital International Inc. ("First Globe") for a 12 month
period. First Globe is based out of Vancouver, British Columbia, and is owned by
Anish Sunderji. First Globe provides
marketing and advisory services to its clients. The Company has
compensated First Globe for its services by the issuance of 100,000
options of the Company and will also pay advisory fees from time to
time. The options issued to First Globe are exercisable at a price
of $1.45 per share, will expire on
August 4, 2028, and will vest over
two years in one-quarter portions every six months. The Company has
also agreed to reimburse First Globe for its reasonable incidental
expenses incurred in providing the investor relation services to
the Company. First Globe does not otherwise have any relationship
with or hold any securities of the Company.
About Strategic
Resources
Strategic Resources Inc. (TSXV:SR) is a critical mineral
exploration and development company focused on high-purity iron and
vanadium projects in Canada and
Finland. The Company is developing
its flagship BlackRock Project, which is a fully permitted and
ready to construct mine, concentrator and metallurgical facility
located at a seaport in Québec with full access to the St. Lawrence
Seaway. The Company's Head Office is in Montreal, Quebec.
Further details are available on the Company's website
at https://strategic-res.com/. To follow future news releases,
please sign up at https://strategic-res.com/contact/.
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STRATEGIC RESOURCES INC.
Signed: "Sean
Cleary"
Sean
Cleary, CEO & Chairman
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
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content:https://www.prnewswire.com/news-releases/strategic-resources-announces-stock-option-grant-301894220.html
SOURCE Strategic Resources Inc.
