Huntington Announces Grant of Stock Options
07 Abril 2021 - 5:07PM
Huntington Exploration Inc. (
TSX.V:
HEI) (the “
Company” or
“
Huntington”) announced today that, subject to
regulatory approval, it has granted a total of 1,500,000 options to
purchase common shares of Huntington to directors, officers and
consultants of Huntington, with an exercise price of $0.24 and an
expiry date of April 7, 2031. The Company relied on section 5.5(b)
of Multilateral Instrument 61-101 as the exemption from the formal
valuation requirements of MI 61-101 in respect of the grant of
options to the directors and officers of the Company as the common
shares of the Company are not listed on a specified market (and
the common shares are only listed on the TSX Venture Exchange).
The Company relied on section 5.7(a) 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 and officers 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.
ON BEHALF OF THE BOARD OF HUNTINGTON
EXPLORATION“Bryan Wilson”President &
CEOhuntington@helioscorp.ca Note: Website development is ongoing
with expected release in mid-2021.
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.
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