Palamina Corp. Announces Grant of 4,025,000 Stock Options to Officers, Directors, Advisors and Consultants
Palamina Grants Stock Options to Strengthen Team Incentives
Toronto, Ontario – Palamina Corp. (TSXV: PA) (OTCQB: PLMNF) (“Palamina” or the “Company”) today announced that its Board of Directors has approved the grant of a total of 4,025,000 incentive stock options under the Company’s Stock Option Plan to select officers, directors, advisors, and consultants. These equity-based awards are part of Palamina’s strategy to retain key contributors and align their interests with long-term shareholder value.
Details of the Stock Option Grant
Under the terms of the grant, each stock option entitles the holder to purchase one common share of Palamina at an exercise price of $0.16 per share. All options granted are exercisable for a period of five or more years depending on the recipient classification:
- Officers, directors, and advisors: Options expire on January 20, 2031, giving recipients a five-year period to exercise vested options and participate in future growth.
- Consultants: Options expire on January 20, 2029, allowing a three-year exercise window tailored to consulting arrangements.
This structured vesting and exercise timeframe supports long-term commitment from recipients, encouraging sustained contribution toward the Company’s exploration and growth objectives.
Purpose and Strategic Importance of the Grant
Stock options are a common incentive in the mining and exploration sector, especially among junior exploration companies such as Palamina, that aim to conserve cash while rewarding performance and loyalty. By granting these options, Palamina strengthens the motivational alignment between its leadership, technical advisors, and consultants and the overall performance of the Company’s projects and share price performance.
About Palamina Corp.
Palamina Corp. is a Canadian-based mineral exploration company focused on advancing high-potential targets in Peru’s prolific mineral belts. The Company controls a land portfolio that includes gold projects in the Puno Orogenic Gold Belt of southeastern Peru as well as high-grade silver-copper assets in other key districts of the country.
The Company’s shares are traded on the TSX Venture Exchange under the symbol PA and on the OTCQB in the United States under the symbol PLMNF. This dual listing enhances liquidity and accessibility for both Canadian and international investors.
Forward-Looking Statements
This press release includes certain “forward-looking statements.” These are predictions, projections, or other statements about future events based on current expectations and beliefs of management. Words such as “plan”, “expect”, “intend”, “believe”, and similar expressions are intended to identify forward-looking statements, which involve risks, uncertainties, and assumptions. Actual outcomes may differ materially from what is expressed in these statements.
Palamina expressly disclaims any obligation to update or revise forward-looking statements except as required by law. Investors are encouraged to review the Company’s continuous disclosure filings available through official regulators to better understand these risks and uncertainties.
Contact Information
On behalf of the Board of Directors:
Andrew Thomson, President
Phone: (416) 204-7536
Website: www.palamina.com