Exploits Discovery Corp. has granted 4.33 million stock options to directors, officers and consultants in accordance with the company’s stock option plan. All options vest on their date of grant and each option entitles the holder to purchase one common share of Exploits at a price of 57 cents per common share for a period of three years from Oct. 15, 2020.
About Exploits Resources Corp.
Exploits Discovery is a Canadian mineral exploration company focused on the acquisition and development of mineral projects in Newfoundland, Canada. The company currently holds the Jonathan’s Pond, Mt. Peyton, Middle Ridge, True Grit and Great Bend projects, which cumulatively cover an area of 1,737 square kilometres. All five of these projects lay within the Exploits subzone and Gander River ultramafic belt (GRUB) of the Dunnage zone, which contain the majority of Newfoundland’s gold mineral occurrences and exploration efforts, including New Found Gold’s 2019 discovery of 92.86 grams per tonne gold over 19.0 metres near surface. The Exploits subzone and GRUB regions have been the focus of major staking and financing throughout 2020, with increased exploration activities forecasted in the area moving into 2021.