MONTREAL, Feb. 13, 2025 (GLOBE NEWSWIRE) — Midland Exploration Inc. (“Midland”) (TSX-V: MD) announces that it has granted incentive stock options to employees, directors and officers of Midland to acquire an aggregate of 800,000 common shares at $0.33 per share, for a period of 10 years. These incentive stock options have been granted in accordance with Midland’s stock option plan (the “Plan”). Considering the present grant, there is 7,060,000 stock options outstanding.
Amendment to Plan
On December 5, 2024, the Corporation amended its Plan to increase from 8,200,000 to 9,300,000 the number of shares issuable under the Plan, and this amendment is subject to the approval of the Exchange. The Plan is a stock option plan under which the number of listed shares that are issuable pursuant to the exercise of stock options is a fixed number of issued shares, up to a maximum of 10 % of the issued shares of Midland as at the…
