06:23:47 EDT Tue 16 Apr 2024
Enter Symbol
or Name
USA
CA



Montage Gold Corp
Symbol MAU
Shares Issued 160,504,290
Close 2022-11-29 C$ 0.65
Market Cap C$ 104,327,789
Recent Sedar Documents

Montage Gold grants options to buy 3.7 million shares

2022-11-30 14:07 ET - News Release

An anonymous director reports

MONTAGE GOLD INC. ISSUES STOCK OPTIONS

Montage Gold Corp. has granted an aggregate 3.7 million incentive stock options to certain officers, directors and other eligible persons of the company. The options are exercisable, subject to vesting provisions, over a period of three years at a price of $0.65 per share.

The Company has also granted a total of 576,923 Deferred Share Units ("DSUs") to non-executive Directors and 1,023,077 Restricted Share Units ("RSUs") to executives and senior management. The DSUs and RSUs are granted in accordance with the Company's Deferred Share Unit Plan and Restricted Share Unit Plan. The RSUs are subject to vesting provisions.

ABOUT MONTAGE GOLD CORP.

Montage is a Canadian-based precious metals exploration and development company focused on opportunities in Cote d'Ivoire. The Company's flagship property is the Kone Gold Project, located in northwest Cote d'Ivoire, covering a total area of 2,258km2 and which currently hosts a Probable Mineral Reserve of 161.1Mt grading 0.66g/t for 3.42M ounces of gold. The Company released the results of a DFS on the Kone Gold Project on February 14, 2022, outlining a 15-year gold project producing an estimated 3.06M ounces of gold over life of mine, with average annual production of 207koz, and estimated peak production of 320koz. The project also contains an Inferred Mineral Resource of 5.2Mt at 2.1g/t for 351,000oz at 1.2g/t cut off at the Gbongogo Prospect located 30km north of the Kone deposit. Montage is executing an exploration program in 2022/23 with the objective of discovering multiple high-grade satellite deposits to supplement the Probable Reserves at the Kone Gold Project. Montage has a management team and Board with significant experience in discovering and developing gold deposits in Africa.

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