Equitorial Exploration Announces the Cancellation of Certain Stock Options

Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

(TheNewswire)



Vancouver, BC, Canada / TheNewswire / May 8, 2018 – Equitorial Exploration Corp. (TSX-V:EXX, Frankfurt: EE1, OTCQB: EQTXF) (“Equitorial” or “Company”) announces that effective April 1, 2018 and May 1, 2018, the Company cancelled a total of 1,675,000 incentive stock options (“Options”) granted under the Company’s stock option plan (the “Option Plan”) to certain Consultants of the Company (a total of 675,000 Options cancelled effective April 1, 2018 and a total of 1,000,000 Options cancelled effective May 1, 2018). The April 1, 2018 cancelled Options were voluntarily surrendered by the holders thereof for no consideration.  The May 1, 2018 cancelled Options were negotiated with the Consultants at a lower number of Options. The cancelled Options were granted from May 24, 2013 to November 13, 2017,  and were exercisable at prices ranging from $0.10 to $0.275 for a period of five years from the date of grant.  

The Option Plan allows the board of directors to issue the equivalent of up to 10% of the issued and outstanding share capital of the Company on a rolling basis.

About Equitorial Exploration Corp

Equitorial is aggressively developing four 100%-owned, high-potential, lithium projects in North America. The Little Nahanni Pegmatite Group (LNPG) is a 43-101 compliant, hard rock, lithium property in the NWT. The Cat Lake Lithium Property in Manitoba, Canada is directly adjacent to the Cat Lake Mineral Project, a highly prospective Lithium property. The Tule and Gerlach Lithium Brine Projects are located in lithium-rich Utah and Nevada within easy reach of the Tesla Gigafactory #1. All four projects have demonstrated highly encouraging grades.

For more information please visit:  http://equitorialexploration.com/

On behalf of the Board of Directors

EQUITORIAL EXPLORATION CORP.

       
Jack Bal, CEO and Director

For further information, please contact Jack Bal at 604-306-5285

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2018 TheNewswire - All rights reserved.