MONTREAL, July 31, 2020 /CNW/ - Tarku Resources Ltd
(TSX-V: TKU) (the "Company" or "Tarku") announces that the
board of directors has approved the grant of 810,000 stock options
pursuant to the Company's Stock Option Plan. The options, which
were granted to directors and officers, are exercisable at
$0.11 per share, and if not
exercised, expire July 30, 2025, subject to earlier expiration
in accordance with the Stock Option Plan and the applicable
policies of the TSX Venture Exchange.
About Tarku Resources Ltd. ( : TKU)
Tarku is an exploration company focused on the "Three A's"
exploration projects, (Apollo, Admiral and Atlas Projects), in the
Matagami greenstone belt, which
has been interpreted by management as the eastern extension of the
Detour Belt in Quebec, and which
has seen recent exploration successes by Midland Exploration,
Wallbridge Mining and Probe Metals.
Project generation is the foundation of creation wealth in the
mining business. Tarku is interested in generating sustainable
projects by conducting exploration in areas with strong geologic
potential and high levels of social acceptability within Québec,
and projects that can be explored and developed quickly with the
support of the community. Tarku has 15,995,581 outstanding shares,
of which approximately 80% are owned by insiders and major
shareholders. Management is currently reviewing several
opportunities and projects to build up the Company portfolio and
generate shareholder value.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Tarku Resources Ltd.