K92 Mining Announces Grant of Stock Options

Written by Customer Service on . Posted in Public Companies.

VANCOUVER, British Columbia, Oct. 07, 2020 (GLOBE NEWSWIRE) — K92 Mining Inc. (“K92” or the “Company”) (TSXV: KNT; OTCQB:  KNTNF) announces the grant of incentive stock options for the purchase of an aggregate of 3,420,000 common shares to employees, directors and consultants of the Company, pursuant to the terms of the Company’s Stock Option Plan. The options are exercisable at $6.73 per share, expire five years from the date of grant, and vest in three installments over twelve months from the date of grant.  
About K92K92 Mining Inc. is engaged in the production of gold, copper and silver from the Kora deposit at the Kainantu Gold Mine in the Eastern Highlands province of Papua New Guinea, as well as exploration and development of mineral deposits in the immediate vicinity of the mine. The Company declared commercial production from Kainantu in February 2018 and is in a strong financial position.The Company commenced an expansion of the mine based on an updated Stage 2 Preliminary Economic Assessment on the property which was published in January 2019 and updated for a Stage 3 Expansion Preliminary Economic Assessment in July 2020. K92 is operated by a team of mining company professionals with extensive international mine-building and operational experience.ON BEHALF OF THE COMPANY,

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