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15:02:26 EDT Thu 09 May 2024
Enter Symbol
or Name
USA
CA



Arctic Star Exploration Corp (4)
Symbol ADD
Shares Issued 203,067,036
Close 2023-05-26 C$ 0.025
Market Cap C$ 5,076,676
Recent Sedar Documents

Arctic Star grants options to buy five million shares

2023-05-26 16:43 ET - News Release

Jassal Subject: News Release Word Document File: '\\swfile\EmailIn\20230526 133846 Attachment Arctic Star - News Release re Grant of Options and DSUs.docx' 2 LEGAL_41448349.1 LEGAL_41448349.1 TSX-V: ADD Frankfurt: 82A1 WKN: A2DFY5 May 26, 2023 Arctic Star Announces Grant of Stock Options and Deferred Share Units May 26, 2023 - Vancouver, British Columbia - Arctic Star Exploration Corp. ("Arctic Star" or the "Company") announces that it has granted an aggregate of 5,000,000 stock options ("Options") and 500,000 deferred share units ("DSUs and, together with the Options, the "Awards") to certain officers, directors and consultants of the Company. The Awards were granted in in accordance with the Company's Omnibus Incentive Plan and are in consideration for services provided by the officers, directors and consultants for the period ended May 26, 2023. The Options are exercisable at a price of $0.05 per share for a period of five years from the date of grant. The DSUs were issued at a deemed price of $0.05 per DSU. The DSUs vest one year from the date of grant, subject to certain exemptions, and each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the DSU becomes payable pursuant to the terms of the applicable DSU award agreement. About Arctic Star Arctic Star is predominantly a diamond explorer, recently discovering 5 new kimberlites in the prolific Lac De Gras kimberlite field that supports 2 multi-billion dollar kimberlite mining complexes. The Company also has a 958 Ha Exploration permit containing several diamond-bearing kimberlites on its Timantti project, Kuusamo Finland. The Company continues to look for appropriate diamond opportunities elsewhere. The Diagras project is a joint venture between Arctic Star Exploration Corp. (currently 81.5%) and Margaret Lake Diamonds Inc. (currently 18.5%). ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP. "Patrick Power" Patrick Power, President & CEO +1 (604) 218-8772 ppower@arcticstar.ca Neither the 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.

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