Mr. Darcy Marud reports
WESTERN EXPLORATION ANNOUNCES GRANT OF STOCK OPTIONS
Western Exploration Inc. has granted a total of 1.3 million stock options of the company to certain directors, officers, employees and consultants pursuant to its omnibus equity incentive plan. Each option is exercisable for one variable share of the company at a price of 78 cents per share and will expire three years from the date of grant. The options will vest in four equal quarterly instalments, commencing three months following the date of grant. Any shares issuable upon exercise of the options are subject to a four-month hold period from the original date on which the options were granted.
About Western Exploration Inc.
Western Exploration is a Nevada-focused gold and silver developer advancing its 100-per-cent-owned Aura project, located approximately 120 kilometres north of Elko, Nev. The Aura project hosts two primary assets: Doby George, a near-surface oxide heap-leach project with a positive 2025 preliminary economic assessment; and the Gravel Creek/Wood Gulch corridor, a high-grade gold-silver epithermal system. For more information, please refer to the PEA (preliminary economic assessment) technical report. Western trades on the TSX Venture Exchange under the symbol WEX and on the OTCQX Market under the symbol WEXPF.
Additional information regarding Western Exploration can be found on the company's website and on SEDAR+ under Western Exploration's issuer profile.
We seek Safe Harbor.
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