VANCOUVER, BC, Feb. 2, 2024
/CNW/ - Montage Gold Inc. ("Montage" or the "Company")
(TSXV: MAU) (OTCQX: MAUTF) announces that it has granted an
aggregate 4,605,000 incentive stock options to certain officers,
directors and other eligible persons of the Company. The options
are exercisable, subject to vesting provisions, over a period of
three years at a price of $0.72 per
share.
The Company has also granted a total of 193,615 Restricted Share
Units ("RSUs") to executives and senior management. The RSUs
are granted in accordance with the Company's Restricted Share Unit
Plan. The RSUs are subject to vesting provisions.
ABOUT MONTAGE GOLD CORP.
Montage is a Canadian-based precious metals exploration and
development company focused on opportunities in Côte d'Ivoire. The
Company's flagship property is the Koné Gold Project, located in
northwest Côte d'Ivoire, which currently hosts a Probable Mineral
Reserve of 174.3 Mt grading 0.72g/t for 4.01M ounces of gold. The Company released the
results of a UFS on the Koné Gold Project on January 16, 2024, outlining a 16-year gold
project producing 3.57M ounces of
gold at AISC of $998 per ounce over
the life of mine, with average annual production of 223koz, and
peak annual production of 378koz. Montage has a management team and
Board with significant experience in discovering and developing
gold deposits in Africa.
The Koné and Gbongogo Main Mineral Resource Estimates were
carried out by Mr. Jonathon Abbott
of Matrix Resource Consultants of Perth, Western
Australia, who is considered to be independent of Montage
Gold. Mr. Abbott is a member in good standing of the Australian
Institute of Geoscientists and has sufficient experience which is
relevant to the commodity, style of mineralization under
consideration and activity which he is undertaking to qualify as a
Qualified Person under NI 43–101.
The Mineral Reserve Estimate was carried out by Ms. Joeline McGrath of Carci Mining Consultants
Ltd., who is considered to be independent of Montage Gold. Ms.
McGrath is a member in good standing of the Australian Institute of
Mining and Metallurgy and has sufficient experience which is
relevant to the work which she is undertaking to qualify as a
Qualified Person under NI 43–101.
Additional information relating to Montage Gold Corp. may be
obtained or viewed under the Company's profile on the SEDAR website
at www.sedarplus.ca or on the Company's website at
www.montagegoldcorp.com.
ADDITIONAL INFORMATION
Neither the TSXV nor its Regulation Services Provider (as that
term is defined in the policies of the TSXV) accepts responsibility
for the adequacy or accuracy of this news release.
The information contained in this news release was accurate at
the time of dissemination but may be superseded by subsequent news
release(s). The Company is under no obligation, nor does it
intend to update or revise the forward-looking information, whether
as a result of new information, future events or otherwise, except
as may be required by applicable securities laws.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/montage-gold-inc-issues-stock-options-302052293.html
SOURCE Montage Gold Corp