(TheNewswire)
Montreal, Québec – TheNewswire - October 26 ,2021 – Niocan Inc. (TSXV:NIO) (“ Niocan ” or the“ Company ”) is pleased to announce the grant of incentive stockoptions under its stock option plan, to officers, directors andconsultant of the Company, to purchase up to an aggregate of 3,550,000common shares, representing 7.2% of the outstanding shares of theCompany. The stock options are exercisable at a price of CA$0.15 pershare expiring October 25, 2026. The options, granted in accordancewith the provisions of the Company's stock option plan, are subject tothe TSX Venture Exchange policies and the applicable securities laws.Of the Options granted, 70.4% were to directors, 28.2% to Officers and1.4% to a Consultant of the Company.
About Niocan
Niocan is an exploration and development company, witha focus on becoming a ferroniobium producer. The Company holds a niobiumproperty in Oka, Québec and other exploration properties in theProvince of Québec. Niocan’s Oka mining property consists of miningrights comprised of 49 claims covering 2,281 acres and its GreatWhale property consists of surface and mining rights covering 24,944acres on the Hudson Bay territory.
For more information on the Company, please refer tothe Company’s public documents available on SEDAR ( www.sedar.com ).
For more information, please contact:
Hubert Marleau
Chairman, President and Chief Executive Officer
niocan.investorinformation@gmail.com
514-560-7623
Neither the TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this press release.
Cautionary Statement onForward-Looking Information
This news release containsforward-looking statements and forward-looking information (together,“forward looking statements”) within the meaning of applicableCanadian securities laws. Statements, other than statements ofhistorical facts, may be forward-looking statements. Generally,forward-looking statements can be identified by the use of terminologysuch as “plans”, “expects”, “estimates”, “intends”,“anticipates”, “believes” or variations of such words, orstatements that certain actions, events or results “may”,“could”, “would”, “might”, “will be taken”,“occur” or “be achieved”, the negative of these terms andsimilar terminology although not all forward-looking statementcontains these terms and phrases. Forward-looking statements involverisks, uncertainties and other factors that could cause actualresults, performance, prospects and opportunities to differ materiallyfrom those expressed or implied by such forward-looking statements.These risks and uncertainties include, but are not limited to, therisk factors set out in Niocan’s annual and/or quarterly managementdiscussion and analysis and in other of its public disclosuredocuments filed on SEDAR at www.sedar.com, as well as all assumptionsregarding the foregoing. Although Niocan believes that the assumptionsand factors used in preparing the forward-looking statements arereasonable, undue reliance should not be placed on these statements,which only apply as of thedate of this news release, and no assurance can be given that suchevents will occur in the disclosed time frame or at all. Except whererequired by applicable law, Niocan disclaims any intention orobligation to update or revise any forward-looking statement, whetheras a result of new information, future events or otherwise.
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