Stinger Resources Incentive Options Repricing
Cardston, Alberta--(Newsfile Corp. - November 9, 2021) - Stinger Resources Inc. (TSXV: STNG) ("the Company" or "Stinger") Board of Directors has approved the repricing of a total of 717,000 stock options of the Company from $0.27 to $0.195 per common share (collectively, the "Options").
The repricing of the Options is subject to the approval of the TSXV. The repricing of the 667,000 stock options held by insiders of the Company is also subject to the approval of disinterested shareholders of the Company at the Company's next annual general meeting of shareholders, in accordance with the policies of the TSXV. Details regarding the repricing of the Options will be further disclosed in the Company's information circular for its next annual general meeting.
About Stinger Resources
Stinger holds interests in gold and silver properties in British Columbia, including the 100% owned past producing Dunwell Mine which is located near Stewart in the prolific "Golden Triangle".
For further information please contact Kelvin Burton at:
Phone: 587-271-0999
Email: kburton@stingerresources.com
Neither the 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.
This news release contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. Actual results could differ materially because of factors discussed in the Company's management discussion and analysis filed with applicable Canadian securities regulators, which can be found under the Company's profile on www.sedar.com. The Company does not assume any obligation to update any forward-looking statements.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/102572
