Ms. Melanie Ross reports
Tempus Resources Ltd. has granted an aggregate of 3,342,857 incentive stock options under the company's stock option plan to directors, officers and consultants of the company.
The exercise terms of the stock options are as follows:
- 642,857 stock options exercisable into a fully paid ordinary shares of the company at an exercise price of 11 Australian cents expiring April 6, 2024;
- 2.7 million stock options exercisable into a fully paid ordinary shares of the company at an exercise price of 12 Australian cents expiring June 29, 2025.
In addition, the company announces it has issued 444,445 fully paid ordinary shares to the Bridge River Indian Band under the terms of an exploration agreement associated with the Elizabeth gold project in British Columbia.
About Tempus Resources Ltd.
Tempus Resources is a growth-orientated gold exploration company listed on the Australian Securities Exchange (TMR), the TSX Venture Exchange (TMRR) and OTCQB (TMRFF). Tempus is actively exploring projects located in Canada and Ecuador. The flagship project for Tempus is the Elizabeth-Blackdome project, a high-grade gold past-producing project located in Southern British Columbia. Tempus is currently midway through a drill program at Elizabeth-Blackdome that will form the basis of an updated National Instrument 43-101/JORC resource estimate. The second key group of projects for Tempus are the Rio Zarza and Valle del Tigre projects located in southeast Ecuador. The Rio Zarza project is located adjacent to Lundin Gold's Fruta del Norte project. The Valle del Tigre project is currently subject to a sampling program to develop target geological anomalies identified through geophysical work.
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