Toronto, Ontario--(Newsfile Corp. - March 31, 2025) - GT Resources Inc. (TSXV: GT) (OTCQB: CGTRF) (FSE: 7N1) (the "Company" or "GT") announces that the board of directors have approved for grant the following annual equity incentives to directors, officers, employees, advisors and consultants
- 875,000 restricted share units ("RSUs") to certain employees, advisors and consultants which vest 3-years from the date of issue and have a term of 5-years;
- 3,000,000 deferred shares units ("DSUs") to certain officers and directors, which are exercisable upon departure from the Company and which vest 1-year from the date of issue;
- 5,400,000 stock options to certain officers and directors, which are exercisable for five years at a price of $0.025 per common share with 1/3rd vesting immediately and 1/3rd every 6-months thereafter; and
- 700,000 stock options to certain employees, advisors and consultants, which are exercisable for five years at a price of $0.025 per common share with 1/3rd vesting immediately and 1/3rd every 6-months thereafter.
About GT Resources
GT Resources Inc. (TSXV: GT) is a mineral exploration and development company with a strategy to advance magmatic sulphide copper, nickel & PGE mining projects in Europe and North America. Existing projects are located in Finland and Canada and are comprised of district scale opportunities that have attracted strategic investment from a major mining company.
Follow GT Resources on LinkedIn, Twitter, and at www.gtresourcesinc.com.
ON BEHALF OF THE BOARD
"Derrick Weyrauch"
President & CEO, Director
For further information contact:
Derrick Weyrauch, President & CEO
Email: info@GTResourcesinc.com
Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of GT Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration.
Information set forth in this press release may contain forward-looking statements. Forward-looking statements are statements that relate to future, not past events. In this context, forward-looking statements often address a company's expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with project development; the need for additional financing; operational risks associated with mining and mineral processing; fluctuations in mineral and commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the absence of dividends; competition; dilution; the volatility of our common share price and volume; and the impact of governmental entities. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and the Company undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change. Investors are cautioned against attributing undue certainty to forward-looking statements.
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SOURCE: GT Resources Inc.
