TORONTO, Oct. 22, 2021 (GLOBE NEWSWIRE) -- McChip Resources Inc. (the “Company”) (TSX-V:MCS) announces that it has granted stock options to directors and employees of the Company to purchase up to 450,000 common shares, in aggregate (“Common Shares”) in the capital of the Company at an exercise price of $0.93 per Common Share, the closing price of the Common Shares on October 20, 2021, expiring on October 20, 2026. The current number of issued and outstanding Common Shares is approximately 5,710,096. The options were granted pursuant to the Company’s incentive stock option plan (the “Plan”), under which a maximum of 560,000 Common Shares are reserved for issuance. Following the grant of such options, a further 110,000 Common Shares will be available for issuance under the Plan.
McChip Resources Inc. Announces Grant of Stock Options
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