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Constantine Metal Resources announces issuance of stock options

The stock options are being issued to an officer and to a director of the company and are subject to approval by regulatory authorities

Mining operations
The mineral exploration company says the options will expire December 24, 2023

Constantine Metal Resources Ltd (CVE:CEM) announced the issuance of 225,000 stock options with an exercise price of $0.44 per share for the purchase of up to 225,000 shares of the company.

In a statement issued on Monday, the Vancouver-based mineral exploration company said the options will expire December 24, 2023.

READ: Constantine Metal says tests at Palmer project in Alaska suggest significant precious-metal-rich zinc deposit

The stock options are being issued to an officer and to a director of the company and are subject to approval by regulatory authorities.

In addition to the company's flagship copper-zinc-lead-silver-gold Palmer Joint Venture project, Constantine also controls a portfolio of 100%-owned gold projects that the company intends to spin out into a separate entity.

Shares of Constantine fetched C$0.44 in last week's Canadian trading and climbed US$0.01 to US$0.32 in Wednesday's OTC Markets trading.

Quick facts: Constantine Metal Resources Ltd.

Price: 0.2 CAD

TSX-V:CEM
Market: TSX-V
Market Cap: $9.74 m
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on 31/7/19

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