TORONTO,
April 11,
2023 /CNW/ - Angel Wing Metals Inc.
(TSXV: AWM) ("Angel Wing Metals" or the "Company")
announces that pursuant to Company's stock option plan, 1,500,000
stock options at an exercise price of $0.20 were granted to its incoming President
& CEO, Mr. Marc Prefontaine. The
stock options granted will vest in three equal instalments over two
years and are exercisable for a period of ten years from date of
grant.
The Company relied on sections 5.5 (a) and (b)
and 5.7(a) and (b) of MI 61-101 as the exemption from the minority
approval requirements of MI 61-101 in respect of the grant of
options to the directors of the Company as neither the fair market
value of the subject matter of, nor the fair market value of the
consideration for, the grant of the options to the director of the
Company exceeded 25% of the Company's market capitalization.
ABOUT ANGEL WING METALS
Angel Wing Metals (TSXV: AWM) is focused on
the exploration and development of its portfolio of precious metals
properties in Mexico and
Canada. The Company's flagship El
Grande gold project covers 652 square kilometers in the southern
extension of the prolific Sierra Madre Occidental gold-silver belt
in the state of Nayarit, Mexico
and demonstrating significant gold and silver
mineralization.
The Company also owns two early-stage gold
exploration projects in Northwestern
Ontario, in which the Company is engaged in ongoing
exploration. The Winora Project is located on Lingman lake, 325 km
north of Red Lake and consists of
17 patented mining claims that are within 500 m and on strike with the historic Lingman
Lake gold deposit. The Quartz Lake Project is located 50km
east of the prolific Red Lake
district and demonstrates many similar geological features of other
successful exploration plays in the region.
Angel Wing Metals is committed to sustainable and
responsible exploration and business activities in line with
industry best practices, supportive of all stakeholders, including
the local communities in which the Company operates.
For more information, please visit the Company's
website at www.angelwingmetals.com.
ON BEHALF OF THE BOARD OF ANGEL WING METALS
INC.
"Cal Everett"
Chairman of the Board of Directors
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.
SOURCE Angel Wing Metals Inc.