Oro X Announces Grant of Incentive Stock Options and Restricted Share Units
/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, BC, Nov. 2, 2020 /CNW/ - ORO X MINING CORP. (TSXV: OROX) (the "Company") announces the grant of a total of 675,000 incentive stock options to a director and consultants of the Company, subject to TSX Venture Exchange acceptance. Each option is exercisable to purchase one common share of the Company for five years at a price of C$0.70 per common share in accordance with the terms of the Company's stock option plan.
The Board of Directors of the Company also approved the grant of 1,750,000 restricted share units to certain directors, officers, and consultants of the Company, subject to the meeting of vesting conditions. The restricted share units were granted in accordance with the Company's restricted share unit plan.
ON BEHALF OF THE BOARD
Luis Zapata
CEO & Director
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE Oro X Mining Corp.
Oro X Mining Corp., Luis Zapata, CEO, 236 858 9593, [email protected]
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