Medaro Mining Grants Stock Options and Restricted Share Rights
VANCOUVER, British Columbia, January 10, 2023 – Medaro Mining Corp. (CSE: MEDA) (“Medaro” or the “Company”) announces that, in accordance with its equity incentive plan, it has granted an aggregate of 550,000 stock options (the “Options”) to its directors and officers to purchase up to 550,000 common shares (the “Shares”) in the capital of the Company. The Options are fully vested and exercisable at $0.25 per Share for a period of two years, expiring January 6, 2025. In addition, the Company has awarded an aggregate of 200,000 restricted share rights (the “RSRs”) to certain directors and officers of the Company.
The grant of Options and award of RSRs are subject to approval of the Canadian Securities Exchange (the “CSE”) and, pursuant to the policies of the CSE, the Options are subject to a hold period of four months from the date of the grant. The RSRs are also subject to a restricted period of four months from the date of the award.
On Behalf of The Board of Directors,
Michael Mulberry Chief Executive Officer
About the Company
The Company is a lithium exploration company based in Vancouver, BC. and holds options over the Superb Lake lithium property located in Thunder Bay, Ontario; Darlin, Rapide and the CYR South lithium properties in Quebec; and Yurichson Uranium property in the Athabasca basin Saskatchewan. The Company is a party to a joint venture agreement that engages the Company in the development and commercialization of a new process to extract lithium from spodumene concentrate. For more information, investors should review the Company’s filings that are available at www.sedar.com.
Forward-Looking Statements
This news release contains certain forward-looking statements within the meaning of applicable securities laws. All statements that are not historical facts, including without limitation, statements regarding future estimates, plans, programs, forecasts, projections, objectives, assumptions, expectations or beliefs of future performance, including statements regarding regulatory approval and the timing thereof are "forward-looking statements." These forward-looking statements reflect the expectations or beliefs of management of the Company based on information currently available. Forward-looking statements are subject to a number of risks and uncertainties, including those detailed from time to time in filings made by the Company with securities regulatory authorities, which may cause actual outcomes to differ materially from those discussed in the forward-looking statements. These factors should be considered carefully, and readers are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws.
Contact Information
[email protected] 604-602-0001