Murgor grants 1.125.000 incentive stock options
Murgor Resources Inc. (TSX-V: MGR) wishes to announce that it has awarded a total of 1,125,000 incentive stock options to directors, officers and employees of the Company, exercisable at $0.11 for a period of five years from the date of grant. These options are granted subject to the Company's Stock Option Plan, which contains vesting provisions such that 33% of the options are available upon the date of grant and 33% become available every six months thereafter.
About Murgor Resources Murgor Resources Inc. is a mineral exploration and development company focused on copper, zinc and gold deposits. The company owns a 100% interest in the Wim and Hudvam deposits, adjacent to the Snow Lake and Flin Flon mining districts of Manitoba. HudBay Minerals Inc. (TSX:HBM) can exercise a 65% buyback right on the deposits by carrying Murgor to production. Murgor is also exploring an exceptional portfolio of gold properties in the proven mining districts of Abitibi, Quebec and Red Lake Ontario. Murgor also generates revenues through a 1% NSR royalty in the Barry Gold Mine, and its interest in the advanced Windfall Gold Project in Quebec.
Murgor is a zinc and copper producing company based in Canada.
Murgor holds various exploration projects in Canada.
Its main asset in production is FLIN-D in Canada and its main exploration properties are GOLDEN ARROW MINE, BARRY - URBAN (EAGLE RIVER), CLAY LAKE, NELLIGAN, BARRY - URBAN (WINDFALL), LA TREVE, MISHIBISHU, MYSTERY, FANCAMP, MOUNT PLEASANT, BARRY - URBAN (BARRY), BENOIT, HUDVAM, WIM, FON, GULLROCK PROPERTY, PREMIERE PROPERTY and ELMTREE GOLD in Canada.
Its stock quote reached its highest recent level on August 07, 2020 at CA$ 1.89, and its lowest recent point on March 07, 2023 at CA$ 0.01.
Murgor has 123 430 000 shares outstanding.