SASKATOON, SK, Dec. 11, 2020 /CNW/ - Omineca Mining and
Metals Ltd. (TSXV: OMM) ("Omineca" or the "Company") has approved
the grant of 3,150,000 incentive stock options pursuant to the
Company's stock option plan effective December 11, 2020. 1,050,000 of the
options were granted to directors and executive officers, with the
balance being granted to consultants. The options are
exercisable at $0.33 per share and,
if not exercised, expire December 11,
2025, subject to earlier expiration in accordance with the
stock option plan and the applicable policies of the TSX Venture
Exchange.
About Omineca Mining and Metals Ltd.
Omineca Mining and Metals Ltd.'s flagship Wingdam gold
exploration and placer recovery project is located along the
Barkerville Highway 45 km east of the town of Quesnel. The property includes hard-rock
tenures totaling over 50,000 hectares (500 square kms) and in
excess of 15 linear kilometers of placer claims, both encompassing
the Lightning Creek valley where topographic conditions created a
thick overburden which preserved a large portion of an underground
channel with placer gold-bearing gravels. Omineca also has a
diamond drill program currently underway exploring for the
potential multiple hard rock sources of the placer gold at
Wingdam.
This news release does not constitute an offer to sell, or
the solicitation of an offer to buy securities in any jurisdiction
in which such offer or solicitation would be unlawful prior to
registration or qualification under the securities laws of such
jurisdiction.
The securities offered under the offering have not been and
will not be registered under the United States Securities
Act of 1933, as amended (the "Securities Act"), or the
securities laws of any state of the United States, and may not be offered or sold
in the United States or to, or for the account or benefit
of, any U.S. Person (as defined in Regulation S of the Securities
Act) or a person in the United
States, unless an exemption from such registration
requirements is available.
Forward Looking Statements
This release includes forward-looking statements regarding
Omineca and its business. Such statements are based on the
current expectations and views of future events of Omineca's
management. In some cases, the forward-looking statements can
be identified by words or phrases such as "may", "will", "expect",
"plan", "anticipate", "intend", "potential", "estimate", "believe"
or the negative of these terms, or other similar expressions
intended to identify forward-looking statements. The
forward-looking events and circumstances discussed in this release
may not occur and could differ materially as a result of the
failure to consummate the project financing, the economic
feasibility of the Wingdam Project, known and unknown risk factors
and uncertainties affecting Omineca, including risks regarding the
resource industry, economic factors and the equity markets
generally and many other factors beyond the control of
Omineca. No forward-looking statement can be
guaranteed. Forward-looking statements and information by
their nature are based on assumptions and involve known and unknown
risks, uncertainties and other factors which may cause our actual
results, performance or achievements, or industry results, to be
materially different from any future results, performance or
achievements expressed or implied by such forward-looking statement
or information. Accordingly, readers should not place undue
reliance on any forward-looking statements or information.
Forward-looking statements speak only as of the date on which they
are made and Omineca undertakes no obligation to publicly update or
revise any forward-looking statement, whether as a result of new
information, future events, or otherwise, except as required by
applicable securities laws.
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 Omineca Mining and Metals Ltd