Silicon Metals Corp. Announces Stock Option Grant
Silicon Metals Corp. (CSE:SI) has granted 3,500,000 stock options to directors, officers, and consultants for the purchase of common shares at $0.075 each, exercisable over five years with immediate vesting and a four-month hold period. The company, focused on exploration in British Columbia and Ontario, owns the Maple Birch Project, a high-purity quartz pegmatite site near Sudbury, and has interests in the Ptarmigan Silica Project and options for the Silica Ridge and Longworth Silica Projects. For more details, contact CEO Morgan Good. Neither the CSE nor its regulation services provider is responsible for this release’s accuracy.
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Vancouver, British Columbia, SILICON METALS CORP. (CSE:SI) (FSE:X6U) (“Silicon Metals” or the “Company”) is pleased to announce it has granted an aggregate of 3,500,000 stock options (collectively, the “Options”) to certain directors, officers, and consultants of the Company for the purchase of up to 3,500,000 common shares in the capital of the Company (each a “Share”), pursuant to the Company’s Stock Option Plan.
The Options are exercisable for a period of 5 years at an exercise price of $0.075 per Share and vest immediately. The Options and underlying Shares will be subject to a four month hold period in accordance with the policies of the CSE.
About Silicon Metals Corp.
Silicon Metals Corp. is currently focused on exploration and development in Canada, namely British Columbia and Ontario. The Company has 100% ownership in the Maple Birch Project, located approximately 30km south-east of Sudbury, Ontario, which is a high purity quartz pegmatite project with a 3,000 tonne per year production permit. The Company also holds an undivided 100% right, title and interest in the exploration stage Ptarmigan Silica Project located approximately 130km from Prince George, British Columbia. The Company has also acquired an option to purchase an undivided 100% right, title, and interest in both the exploration stage Silica Ridge Silica Project located approximately 70kms southeast from the town of MacKenzie, British Columbia, as well as the exploration stage Longworth Silica Project located approximately 85km East from Prince George, British Columbia.
ON BEHALF OF THE BOARD OF DIRECTORS OF
SILICON METALS CORP.
“Morgan Good”
Morgan Good
Chief Executive Officer and Director
For more information regarding this news release and further details about Silicon’s plans, please contact:
Morgan Good, CEO and Director
T: 604-715-4751
E: morgan@siliconmetalscorp.com
W: www.siliconmetalscorp.com
Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE accepts responsibility for the adequacy or accuracy of this release).
