WINKF - Windfall Geotek Makes a Correction on Stock Options Announced in Earlier Press Release of Today
(TheNewswire)
DOES NOT CONSTITUTE AN OFFEROF THE SECURITIES DESCRIBED HEREIN
Brossard, Quebec - TheNewswire -March 30, 2021 – Windfall Geotek Inc.( the “Company”, or “Windfall” ( TSXV:WIN ) , ( OTC:WINKF ) , ( FSE:L7C2) Windfall has beenproviding high probability AI exploration targets for mineralexploration in the mining industry since 2005.
Correction for Grant of Stock Optionsand appointment of Simran Kamboj
Windfall is pleased to announce the grant of 1,300,000 stock options(previously read 1,000,000) to its directors, management team andconsultants. The stock options entitle their holders to purchase thesame number of common shares of Windfall at a price of $0.295 percommon share for a period of 5 years, namely March 29, 2026 (the“ Options ”).
Windfall’s directors and management team were granted 800,000Options (previously read 500,000), and two consultants of Windfallwere granted 500,000 Options.
Windfall is also pleased to announce the appointment of Simran Kambojto its board of directors.
About Windfall Geotek – Powered byArtificial Intelligence (AI) since 2005
Windfall is an Artificial Intelligence company that hasbeen in business for over 15 years developing its proprietary analysis(AI) and data mining techniques. Windfall Geotekcan count on a multidisciplinary team that includes professionals ingeophysics, geology, Artificial Intelligence, and mathematics. It combines available public and privatedatasets including geophysical, drill hole and surface data. Thealgorithms designed and employed by Windfall are calculated tohighlight areas of interest that have the potential to be geologicallysimilar to other gold deposits and mineralization. The Company's objective is to develop a new royalty stream bysignificantly enhancing and participating in the exploration successrate of mining and to continue the Land Mine detection application asa high priority. Windfall has played a part innumerous past discoveries utilizing its methodology as described at: https://windfallgeotek.com/ .
For further information, please contact:
Simran Kamboj
President & CTO
Email: simran @windfallgeotek.com
Website: www.windfallgeotek.com
Additional information about the Company isavailable under Windfall Geotek’s profile on SEDAR at www.sedar.com . Neither the TSXVenture Exchange nor does its Regulation Services Provider (as thatterm is defined in the policies of the TSX Venture Exchange) acceptresponsibility for the adequacy or accuracy of this release.
FORWARD-LOOKINGSTATEMENTS: This news release contains forward-looking statements,which relate to future events or future performance and reflectmanagement’s current expectations and assumptions. Suchforward-looking statements reflect management’s current beliefs andare based on assumptions made by and using information currentlyavailable to the Company. Investors are cautioned that theseforward-looking statements are neither promises nor guarantees, andthey are subject to risks and uncertainties that may cause futureresults to differ materially from those expected. Theseforward-looking statements are made as of the date hereof and, exceptas required under applicable securities legislation, the Company doesnot assume any obligation to update or revise them to reflect newevents or circumstances. All forward-looking statements made in thispress release are qualified by these cautionary statements and bythose made in our filings with SEDAR in Canada (available atWWW.SEDAR.COM).
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