Huntington announces grant of stock options
TORONTO, June 29, 2021 (GLOBE NEWSWIRE) – Huntington Exploration Inc. (TSXV: HEI) (the “Company” or “HuntingtonÂ») Announces that under the Company’s stock option plan, 2,500,000 stock options at an exercise price of $ 0.31 have been granted to directors and officers and Company consultants. Stock options granted vest immediately and may be exercised for a period of ten years from the date of grant. The Company has relied on sections 5.5 (a) and (b) and 5.7 (a) and (b) of NI 61-101 as an exemption from the minority approval requirements of NI 61-101 with respect to the granting of options to the directors and officers of the Company because neither the fair market value of the object nor the fair market value of the consideration for the granting of the options to the director of the Company exceeded 25% of the market capitalization of the Company.
There are currently 78,420,817 shares issued in the Company.
Huntington is an environmentally friendly mineral exploration company dedicated to the application of good geoscience by complying with the E3 program developed by the PDAC. Huntington plans to encapsulate success in the Red Lake vicinity, noting successful demonstrations by contemporary companies Prosper Gold Corporation and Dixie Gold Inc. Regionally, gold mineralization has been discovered following a magnetic signature of parallel formation of the Balmer Regional Unconformity – Narrow Lake Assemblage (Confederation Group). . Neighbor Prosper Gold Corporation announced the recovery of a significant number of virgin gold grains (rough and angular) recovered from systematic till samples and the recovery of a significant number of virgin gold grains (rough and angular) recovered from systematic till samples and is currently in the middle of a 15,000 m drilling program. The magnetic formation characteristic and the projected unconformity highlighted by Prosper tend towards the Key-Hole claims at Huntington.
ON BEHALF OF THE HUNTINGTON EXPLORATION BOARD
President and CEO
Investor questions to:
Investor Relations Manager
E: [email protected]
T: 416-868-1079 ext 232
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