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8-K - LODE-STAR MINING, INC. 8-K - Lode-Star Mining Inc. | lodestar_8k-17073.htm |
EXHIBIT 99.1
Lode-Star Mining Inc. Grants Stock
Options to Key Personnel
Cypress, Texas (Feb. 15, 2017) –Lode-Star Mining Inc. (OTCQB:LSMG) is
pleased to announce that it has granted an aggregate of 7,400,000
non-qualified stock options (NQSOs) to key corporate officers
working on the development of the Company and who have not received
any compensation for years of service. The purpose of the grants is
to incentivize key persons to stay with the Company over the coming
years.
Each option is exercisable into one share of the Company’s
common stock at a price of US$0.06 per share, equal to the closing
price of the common stock on February 14, 2017, for a term of five
(5) years. The NQSOs were granted pursuant to the Company’s
2016 Omnibus Equity Incentive Plan and vest over the course of 18
months, with ¼ vesting immediately and the remainder vesting
in equal installments every six (6) months thereafter.
In addition, the Company is pleased to announce that, concurrent
with the foregoing option grants, it granted an additional
2,100,000 NQSOs on identical terms to three outside consultants in
order to incentivize those consultants to continue providing
services to the Company.
About Lode-Star Mining Inc.
Lode-Star Mining Inc. (LSMG), is a U.S. based junior-tier mining
company focused on the exploration, development, and production of
North American mineral assets.
LSMG is the operator of the Goldfield Bonanza property, acquired
under an option for development on December 11, 2014 from Lode-Star
Gold, Inc., a private Nevada corporation. The property is located
in the historic gold producing district of Goldfield, NV, which at
one time was Nevada's largest gold producing district. Historic
production from the district totaled better than 4 million ounces
of gold.
Contacts
for Lode-Star Mining Inc.
Pam Walters
Lode-Star Mining Inc. investor relations
phone : (281) 256-7101
e-mail : info@lode-starmining.com
website: www.lode-starmining.com
Forward
Looking Statements
This news release may contain forward-looking statements that
involve known and unknown risks, uncertainties and other factors
which may cause LSMG's actual results, performance or achievements
to be materially different from any future results, performance or
achievements expressed or implied by the forward looking
statements. Forward-looking statements reflect LSMG's current views
with respect to future events and are based on assumptions and
subject to risks and uncertainties. Given these uncertainties,
investors should not place undue reliance on these forward-looking
statements. Except as required by law, LSMG assumes no obligation
to update any forward-looking statements publicly, or to update the
reasons actual results could differ materially from those
anticipated in any forward-looking statements, even if new
information becomes available in the future.