Dr. Jacob Verbaas reports
MIATA METALS ANNOUNCES GRANT OF STOCK OPTIONS
Miata Metals Corp.'s board of directors has approved a grant of an aggregate of 450,000 stock options to certain employees and consultants of the company in accordance with Miata's omnibus incentive equity plan.
The options vest 50 per cent at six months and 50 per cent at 12 months and have a three-year term from the date of grant at an exercise price of 50 cents per common share. All the foregoing options are subject to the terms of the omnibus plan, the applicable grant agreement and the requirements of the Canadian Securities Exchange. The options and the underlying shares are subject to a four-month hold period in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange.
About Miata Metals Corp.
Miata Metals is a Canadian mineral exploration company listed on the Canadian Securities Exchange, as well as the OTCQX and Frankfurt exchanges. The company is focused on the acquisition, exploration and development of mineral properties. The company holds a 70-per-cent interest in the approximately 215-square-kilometre Sela Creek gold project with an option to acquire a full 100-per-cent interest in the project, and a 70-per-cent beneficial interest in the Nassau gold project with an option to acquire 100 per cent. Both exploration properties are located in the greenstone belt of Suriname.
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