January 30, 2018
iMetal Resources Inc. modifies incentive stock options granted January 17, 2018 and total private placements numbers reported on December 17, 2017
iMetal Resources Inc. (IMR – tsxv) (“iMetal” or “the company”) reports that it has modified a press release issued December 17, 2017, in which it granted 2,000,000 incentive stock options to directors, officers, and consultants at an exercise price of $0.15 per share for a period of five-years. Of the 2,000,000 granted, directors and officers have voluntarily returned 1,850,000 – to iMetal for further granting in the future. Should any of the returned options be re-granted within the next six-months – to any officer or director now returning them – they will be granted at a minimum exercise price of not less than $0.15 per share. Therefore, the amount of options granted on December 17, 2017, is 150,000 options at an exercise price of $0.15 per share for five-years to Consultants.
iMetal also wishes to modify the total number of shares and warrants issued via its recent private placement reported on December 19, 2017, by increasing the number of shares and warrants issued by 100,000. The correct total amounts issued are: 7,044,950 shares and 7,044,950 warrants. These correct numbers have been accepted and reported by the TSX Venture Exchange in a bulletin issued January 19, 2018.
This Press Release was prepared by iMetal Resources Inc. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed nor accepts responsibility for he adequacy or accuracy of this release.
ON BEHALF OF THE BOARD OF DIRECTORS,
President & CEO, iMetal Resources Inc.