1911 Gold Announces Grant of Options and Deferred Share Units

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by ahnationtalk on July 8, 202419 Views


VANCOUVER, BC,July 8, 2024 – 1911 Gold Corporation (“1911 Gold” or the “Company”) (TSXV: AUMB) (OTCBB: AUMBF) announces that it has granted a total of 200,000 options to purchase common shares of the Company to Mr.Blair Schultz, a newly appointed director to the Company, pursuant to the Company’s Long-Term Incentive Plan (the “LTIP”). Such options have an exercise price of $0.11 per common share and expire on July 8, 2029, and vest as to one-third immediately and one-third after the first and second anniversaries of the date of grant.

The Company will also issue a total of 8,902 deferred share units (“DSUs”) to three directors under the LTIP in respect of Q2-2024 director fees. Each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the holder ceases to be a director of the Company.

About 1911 Gold Corporation

1911 Gold is a junior explorer that holds a highly prospective, consolidated land package totalling more than 63,000 hectares within and adjacent to the Archean Rice Lake greenstone belt in Manitoba, and also owns the True North mine and mill complex at Bissett, Manitoba. 1911 Gold believes its land package is a prime exploration opportunity, with potential to develop a mining district centred on the True North complex. The Company also owns the Apex project near Snow Lake, Manitoba and the Denton-Keefer project near Timmins, Ontario, and intends to focus on organic growth and accretive acquisition opportunities in North America.

1911 Gold’s True North complex and exploration land package are located within the traditional territory of the Hollow Water First Nation, signatory to Treaty No. 5 (1875-76). 1911 Gold looks forward to maintaining open, co-operative and respectful communication with the Hollow Water First Nation, and all local stakeholders, in order to build mutually beneficial working relationships.

ON BEHALF OF THE BOARD OF DIRECTORS

Shaun Heinrichs
President and CEO

NT4

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