Omai Announces Grant of Stock Options to a New Officer and Consultants

Omai Gold Mines Corp. (TSX.V: OMG) announces that, pursuant to its management transition, it has granted 1,650,000 incentive stock options to a new officer, employee and consultants. The incentive stock options have an exercise price of $0.13 per share for a five-year term expiring September 3, 2026.

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.

About Omai Gold Mines Corp.

Omai Gold Mines Corp., through its wholly owned subsidiary Avalon Gold Exploration Inc., holds a 100% interest in the Omai Prospecting License covering 4,590 acres, that includes the past producing Omai gold mine. Once South America's largest producing gold mine, Omai produced over 3.7 million ounces of gold between 1993 and 2005. Mining ceased at a time when the average gold price was less than US$400 per ounce, leaving significant drilled resources untapped. The Company's short-term priorities are to verify and expand the known resources, while advancing exploration on nearby targets, providing a solid opportunity to create significant value for all stakeholders.

For further information, please see our website www.omaigoldmines.com or contact:

Elaine Ellingham
Interim CEO and Director
info@omaigoldmines.com
elaine@omaigoldmines.com
Phone: +1-416 473-5351


Primary Logo

News Provided by GlobeNewswire via QuoteMedia

The Conversation (0)
Omai Gold Mines

Omai Gold Mines

Rebuilding the Success of the Historic Omai Gold Mine in Guyana

Rebuilding the Success of the Historic Omai Gold Mine in Guyana Keep Reading...
Soap bubble bursting with stock market chart inside, displaying red downward trends on a dark background.

Experts Warn: AI Boom Shows Bubble Signs, but Investors May Miss the Exit

The artificial intelligence (AI) investment boom is showing many of the hallmarks of a market bubble, with soaring valuations, rising leverage and increasingly speculative capital flows prompting warnings from veteran investors at the New Orleans Investment Conference.During a popular annual... Keep Reading...
Don Hansen, gold bars.

Don Hansen: Gold, Silver Bull Run Not Over, My Strategy Now

Private investor Don Hansen shares his latest gold market analysis, emphasizing that the current bull market is likely only halfway through. "If we had a normal five or six times multiple, the gold bull market would go to US$8,000 to $10,000 an ounce in another four years," he said.Don't forget... Keep Reading...
Jp Cortez, gold bars.

Jp Cortez: Will the US Revalue Gold? Plus Repatriation, Fort Knox Audit

Jp Cortez, executive director at the Sound Money Defense League, reviews the organization's recent accomplishments in the US and talks about where it plans to focus in the year ahead, including efforts to move the SILVER Act forward. Cortez also explains why the push to audit Fort Knox... Keep Reading...
Three towering gold bars stand on a chart backdrop with numbers and graphs, text reads: 95426, 8599, 756.8.

Gold Majors’ Q3 Free Cashflow Falls as Spending and Costs Rise

Major gold producers ended the third quarter with less free cashflow than in Q2 as heavier capital spending and higher costs absorbed cash, even as gold edged higher.The LBMA gold price hit its quarterly low of US$3,978.55 per ounce on July 1, then climbed to a high of US$4,663.70 on August 24... Keep Reading...
Shiny gold bar rests on financial chart with fluctuating orange and blue lines.

Gold Price Rebounds After Jobs Data Sparks Friday Selloff

The gold price retreated on November 6, coming under pressure from a stronger US dollar and rising treasury yields, after new US jobs data showed that employers added 165,000 jobs in October.Spot gold was trading around US$4,063 per ounce by 2:55 p.m. EST. The decline followed a strong rally... Keep Reading...

Interactive Chart

Latest Press Releases

Related News