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Matamec Grants Stock Options
is pleased to announce that the Board decided to grant 1,275,000 stock option Company's to directors, officers and employees.
All stock options, totalling 1,275,000, were granted at an exercise price of $0.10 per share, for a period of five years. These options, as well as the terms and conditions of their exercise, are governed by the Company's Stock Option Plan.
About Matamec
Matamec Explorations Inc. is a junior mining exploration company whose main focus is in developing the Kipawa HREE deposit owned at 72% by the Company and at 28% by Ressources Québec. Furthermore, the Company is exploring more than 35 km of strike length in the Kipawa Alkalic Complex for rare earths-yttrium-zirconium-niobium-tantalum mineralization on its Zeus property.
The Company is also exploring for gold, base metals and platinum group metals. Its gold portfolio includes the Matheson JV property holds at 50% located along strike and in close proximity to the Hoyle Pond Mine in the prolific gold mining camp of Timmins, Ontario. In Quebec, the Company optioned its Sakami property located in the James Bay region of northern Quebec to Canada Strategic Metals which can be acquired a 50% interest by spending $2,250,000 on the property in three years. Furthermore, Matamec is exploring for precious and base metals on its Valmont and Vulcain properties, and for lithium and tantalum on its Tansim property.
"Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information please contact:
André Gauthier
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President
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Tel: 514-844-5252
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Fax: 514-844-0550
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Matamec Explorations Inc.
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EXPLORATION STAGE |
CODE : MAT.V |
ISIN : CA5765411064 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Matamec Expl. is a gold and copper development stage company based in Canada. Matamec Expl. holds various exploration projects in Canada. Its main exploration properties are WACHIGABAU, ZEUS PROPERTY, SAKAMI, MATHESON and LA GRANDE EST in Canada. Matamec Expl. is listed in Canada and in United States of America. Its market capitalisation is CA$ 4.1 millions as of today (US$ 2.6 millions, € 2.2 millions). Its stock quote reached its highest recent level on January 15, 1999 at CA$ 4.80, and its lowest recent point on June 21, 2018 at CA$ 0.02. Matamec Expl. has 136 966 852 shares outstanding. |