Lavras Gold Corp Announces New Stock Option Grant

TORONTO, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Lavras Gold Corp. (LGC-V, LGCFF) has announced the issuance of new stock options, signaling a fresh opportunity for investment. A total of 125,000 stock options (the "Options") have been granted, enabling the holders to acquire common shares (the "Common Shares") of Lavras Gold Corp. Each option is exercisable at a price of C$1.15 per Common Share, a decision that is aligned with current market evaluations and the company's strategic financial planning.

Terms of the Stock Option Grant

The newly issued Options come with specific terms, including an expiry date set by the company; this determines the time frame within which the Options can be exercised. The decision to grant Options is part of Lavras Gold’s broader strategy to incentivize and retain its employees, consultants, and directors, who are integral to the company's ongoing growth and success in the gold mining industry.

Implications for Investors

For investors, the announcement of new stock options by Lavras Gold represents an important development. It underlines the company's commitment to fostering a strong leadership team backed by a vested interest in the success of the business. The stock options are often viewed as a vote of confidence in the future of the company, and as such, may influence investor perceptions and decisions concerning their investments in Lavras Gold Corp.

LavrasGold, StockOptions, Investment