VANCOUVER, BC, Nov. 30,
2022 /CNW/ - Montage Gold Inc.
("Montage" or the "Company") (TSXV: MAU) (OTCQX: MAUTF)
announces that it has granted an aggregate 3,700,000 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
$0.65 per share.
The Company has also granted a total of 576,923 Deferred Share
Units ("DSUs") to non-executive Directors and 1,023,077 Restricted
Share Units ("RSUs") to executives and senior management. The
DSUs and RSUs are granted in accordance with the Company's Deferred
Share Unit Plan and 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, covering a total area of 2,258km2 and
which currently hosts a Probable Mineral Reserve of 161.1Mt grading
0.66g/t for 3.42M ounces of gold. The
Company released the results of a DFS on the Koné Gold Project on
February 14, 2022, outlining a
15-year gold project producing an estimated 3.06M ounces of gold over life of mine, with
average annual production of 207koz, and estimated peak production
of 320koz. The project also contains an Inferred Mineral Resource
of 5.2Mt at 2.1g/t for 351,000oz at 1.2g/t cut off at the Gbongogo
Prospect located 30km north of the Koné deposit. Montage is
executing an exploration program in 2022/23 with the objective of
discovering multiple high-grade satellite deposits to supplement
the Probable Reserves at the Koné Gold Project. Montage has a
management team and Board with significant experience in
discovering and developing gold deposits in Africa.
Additional information relating to Montage Gold Corp. may be
obtained or viewed under the Company's profile on the SEDAR website
at www.sedar.com 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dissemination but may be superseded by subsequent news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.
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SOURCE Montage Gold Corp