Lavras Gold Corp. Announces the Granting of Stock Options

TORONTO, Nov. 20, 2023 – Lavras Gold Corp. LGCFF, a progressive mining company, has officially announced the issuance of stock options as a part of its compensation strategy. In a recent press statement, the company informed its stakeholders and the public of its decision to grant a significant number of stock options to its employees and executives. Committed to fostering a strong alignment of interests between its management and shareholders, LGCFF continues to leverage incentive-based compensation.

Details of the Stock Options Grant

The company has granted an aggregate of 125,000 stock options ("Options") to its executives. These Options provide the right to purchase common shares ("Common Shares") of Lavras Gold Corp. The exercise price is set at C$1.15 per Common Share, which offers the recipients a precise target to gauge the future performance of the company's stocks. The granted Options come with a five-year term, expiring on November 10, 2028, thus providing a long-term incentive plan for the option holders.

Impact on Shareholders and the Company

The issuance of these Options could potentially align the interests of the executives with those of the shareholders. Executives are more likely to push for the company’s success knowing their compensation is tied to the company's stock performance. However, it's important for current shareholders to understand that the exercise of these options might dilute the existing share structure. Keeping an eye on the company's stock price LGCFF and the exercise pattern of these options is advisable for both current and prospective investors.

LavrasGold, StockOptions, Grant