Western Magnesium grants options to buy 10M shares
2019-05-23 19:09 ET – News Release
Mr. John Ulmer reports
WESTERN MAGNESIUM ANNOUNCES STOCK OPTION GRANT
Western Magnesium Corp. has granted 10 million incentive stock options pursuant to its stock option plan for its directors, officers, advisers and consultants. The options are exercisable at a price of 12 cents per share for a five-year term.
Any shares issued on the exercise of these stock options will be subject to a four-month-plus-one-day hold period from the date of the grant. This stock option grant is subject to approval by the TSX Venture Exchange.
About Western Magnesium Corp.
Western Magnesium’s goal is to be a low-cost producer of green, primary magnesium metal, a strategic commodity prized for its strength and light weight. Unlike outdated and costly production processes, Western Magnesium looks to use a continuous silicothermic process to produce pure magnesium, which significantly reduces labour and energy costs relative to current methods and processes.
We seek Safe Harbor.
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