11:00:58 EDT Sat 18 May 2024
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Weekapaug Lithium Ltd
Symbol GRUV
Shares Issued 73,920,173
Close 2023-10-11 C$ 0.025
Market Cap C$ 1,848,004
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Weekapaug Lithium forms advisory board

2023-10-11 16:44 ET - News Release

Mr. Mark Branson reports

WEEKAPAUG LITHIUM ANNOUNCES ESTABLISHMENT OF ADVISORY BOARD, CHANGES TO THE BOARD AND ISSUANCE OF STOCK OPTIONS

Weekapaug Lithium Ltd. has formed an advisory board to provide advice and peer review to the company's board of directors with respect to continuing exploration efforts on the Nakina Li property located in Northern Ontario, Canada. The advisory board comprises the following individuals:

  • Neal Blackmore: Mr. Blackmore has been an active prospector and mineral industry entrepreneur for over 17 years in the Newfoundland and Labrador mineral exploration industry. Since 2014 he has served as an executive member of the Newfoundland and Labrador Prospectors Association (NLPA). Mr. Blackmore is the owner of Grassroots Prospecting & Prospect Generation Inc. and co-owner and operator of Planet X Exploration Services Ltd.
  • Pam Sangster: Ms. Sangster has over 35 years of experience in the mineral resource sector. She currently is a consultant providing geo-services including mining lands management and project generation to industry clients. Her areas of expertise include industrial and critical minerals and mineral potential/mineral resource assessment.

"We are extremely excited to have assembled an advisory board with a record of experience and expertise in exploring and developing mining projects," said Marc Branson, chief executive officer of the company.

Changes to the board

Adam Nothstein has resigned from his position as a director of the company. The company would like to thank Mr. Nothstein for his contributions to the company and wishes him well in his future endeavours.

Weekapaug is pleased to welcome Doug Unwin, BSc, MBA, to the board of directors. Mr. Unwin brings over 30 years of diverse experience, 17 years in the public markets, and currently is the president and CEO of Geologica Resource Corp.

Issuance of stock options

The company also announces that pursuant to its omnibus equity incentive plan, it has today granted a total of 2.5 million stock options to a director and certain consultants of the company. The options, subject to the terms of the plan, are exercisable at a price of five cents per common share for a period of three years.

About Weekapaug Lithium Ltd.

Weekapaug Lithium is dedicated to exploring and developing its 100-per-cent-owned Nakina Li property in Northern Ontario, Canada.

We seek Safe Harbor.

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