Bocana Resources Corp. Announces Cancelation and Reissuance of Stock Option Grants
14 Mars 2025 - 9:01PM
Bocana Resources Corp. (TSXV: BOCA) (Frankfurt: VC1) (the
"
Company") has been advised by the TSX Venture
Exchange that the previously issued grant of 2,400,000 stock
options to directors and officers on May 24, 2024, were issued
outside of the proper timeline for the Company’s Stock-Based
Compensation Plan to be effective. Therefore, the Company is
canceling the previously issued stock options of May 24, 2024, and
reissuing them with the same terms as previously issued.
Each stock option entitles the holder to
purchase one common share of the Company for $0.10 on the following
terms:
|
|
Number of |
Expiry date |
Vesting date |
stock options |
May 24, 2029 |
May 24, 2024 |
1,800,000 |
June 30, 2029 |
June 30, 2024 |
300,000 |
September 30, 2029 |
September 30, 2024 |
150,000 |
December 31, 2029 |
December 31, 2024 |
150,000 |
|
|
2,400,000 |
|
About Bocana Resources
Corp.
Bocana is a mineral exploration company focused
on acquiring, exploring, and developing mineral properties in South
America. Bocana, through its wholly owned subsidiary, Huiracocha
International Service SRL, holds a 100% working interest in the
mineral properties known as the Escala area concessions located at
the Department of Potosi, Sud Lipez Province, Bolivia, as awarded
by Comibol.
Contact Information For more
information on Bocana, visit https://bocanaresources.com.
For more information or interview
requests, please contact: Timothy J. Turner – Chief
Executive Officerinfo@bocanaresources.com
This news release contains forward-looking
information. There can be no assurance that forward-looking
information will be accurate, as actual results and future events
could differ materially from those anticipated in these statements.
The Company disclaims any intention or obligation to publicly
update or revise any forward-looking information, whether as a
result of new information, future events or otherwise. The
forward-looking information contained in this news release is
expressly qualified by this cautionary statement.
The TSX Venture Exchange has reviewed and
approved the accuracy of this news release.
The Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) does not
accept responsibility for the adequacy or accuracy of this news
release.
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