09:49:06 EDT Sat 18 May 2024
Enter Symbol
or Name
USA
CA



Western Alaska Minerals Corp
Symbol WAM
Shares Issued 28,120,406
Close 2024-03-01 C$ 0.49
Market Cap C$ 13,778,999
Recent Sedar Documents

Western Alaska grants 88,538 RSUs, 49-cent options

2024-03-01 19:32 ET - News Release

Mr. Kit Marrs reports

WESTERN ALASKA MINERALS ANNOUNCES GRANT OF OPTIONS AND RESTRICTED SHARE UNITS

Western Alaska Minerals Corp. has granted a total of one million stock options, 635,000 of which have been granted to certain directors, officers and an investor relations employee of the company. The options are each exercisable to purchase one subordinate voting share of the company at an exercise price of 49 cents for a period of five years. The options will vest over three years, with one-third of the options vesting every year.

The company has also issued an aggregate of 88,538 restricted share units to certain employees of the company. Each RSU entitles the holder to be issued one subordinate voting share of the company on vesting. All the RSUs will vest one year from the grant date.

About Western Alaska Minerals Corp.

Western Alaska is an Alaska- and Arizona-based company, listed on the TSX Venture Exchange and focused on discovery of high-grade, district-scale ore systems in the historic Illinois Creek mining district located in western Alaska. Western Alaska's 100-per-cent-owned claims cover 73,120 acres (114.25 square miles or 29,591 hectares), roughly 45 kilometres from the Yukon River. The district encompasses at least five deposits containing gold, silver, copper, lead and zinc, and was originally discovered by Anaconda Minerals Company in the early 1980s. Since 2010, Western Alaska, along with precursor Western Alaska Copper & Gold Company, has reassembled the Anaconda property package and been engaged in exploring the district.

The company remains focused on delivering value to its shareholders and stakeholders while adhering to the highest standards of environmental stewardship and community engagement.

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