(TheNewswire)
Vancouver, British Columbia – TheNewswire - February 28, 2023 – Gold LionResources Inc. (“ Gold Lion ” or the“ Company ”) ( CSE:GL)(OTC:GLIOF) (FWB:2BC) announces that it hasissued an aggregate of 2,000,000 stock options (each, a “Option”)to certain directors and officers of the Company, with each Optionexercisable for one common share of the Company at an exercise priceof $0.075 for five years from the date of grant. The Options vestquarterly in equal amounts over a period of one year.
The grant of Options is considered to be a “relatedparty transaction” as defined under Multilateral Instrument 61-101(“MI 61-101”) and is exempt from the formal valuation and minorityshareholder approval requirements of MI 61-101 as the fair market value of the grant of Options does notexceed 25% of the market capitalization of the Company, as determinedin accordance with MI 61-101 .
About Gold Lion Resources Inc.
Gold Lion Resources Inc. is a mineral exploration company actively involved in the exploration of its precious metal focused portfolioincluding the Cuteye and Fairview Properties located in Idaho andBritish Columbia. For more information please visit: https://goldlionresources.com/ .
ON BEHALF OF THE BOARD OF DIRECTORS
Lawrence Hay, CEO
T: 604-687-2038
The CSE and Information Service Provider have notreviewed and does not accept responsibility for the accuracy oradequacy of this release.
600-1090 West Georgia St., Vancouver, British Columbia V6E 3V7
T: (604-687-2038)/ W: https://goldlionresources.com/
Forward-Looking Statements
This news release contains “forward-lookinginformation” within the meaning of applicable Canadian securitieslegislation. Often, but not always, forward-looking information and information can be identified by the use of words such as “plans”,“expects” or “does not expect”, “is expected”,“estimates”, “intends”, “anticipates” or “does notanticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or“will” be taken, occur or be achieved. Actual future results maydiffer materially. The forward-looking information reflectsmanagement's current expectations based on information currentlyavailable and are subject to a number of risks and uncertainties thatmay cause outcomes to differ materially from those discussed in theforward-looking information. Such risk factors may include, amongothers, but are not limited to: general economic conditions in Canadaand globally; industry conditions, including governmental regulationand environmental regulation; the availability of capital onacceptable terms; the need to obtain required approvals fromregulatory authorities; stock market volatility; competition for,among other things, skilled personnel and supplies; incorrectassessments of the value of acquisitions; geological, technical, processing and transportation problems; changes in tax laws and incentive programs; failure to realize the anticipatedbenefits of acquisitions and dispositions; and the other factors. Although the Company believes that the assumptionsand factors used in preparing the forward-looking information arereasonable, undue reliance should not be placed on such informationand no assurance can be given that such events will occur in thedisclosed time frames or at all. Factors that could cause actualresults or events to differ materially from current expectationsinclude: (i) adverse market conditions; and (ii) other factors beyondthe control of the Company. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess theimpact of all factors on Company’s business or the extent to whichany factor, or combination of factors, may causeactual results to differ from those contained in any forward-looking information. The forward-looking information included in this news release are made as of the date of this news releaseand the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, futureevents or otherwise, except as required by applicable law. Additionalinformation identifying risks and uncertainties that could affect financial results is contained in the Company’s filings with Canadiansecurities regulators, which are available at www.sedar.com.
600-1090 West Georgia St., Vancouver, British Columbia V6E 3V7
T: (604-687-2038)/ W: https://goldlionresources.com/
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