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Bathurst Metals ( (TSE:BMV) ) has provided an update.
Bathurst Metals Corp. announced the repricing of 1,190,000 stock options previously granted to insiders, with new exercise prices set at $0.10, down from $0.32 and $0.16. This decision, approved by a majority of disinterested shareholders, awaits acceptance by the TSX Venture Exchange and is expected to impact the company’s financial strategy and stakeholder interests by potentially enhancing insider participation and aligning incentives.
More about Bathurst Metals
Bathurst Metals Corp. is an exploration-stage company focused on acquiring, exploring, and developing mineral properties in Nunavut and British Columbia, Canada. The company owns a 100% interest in several projects, including Turner Lake, TED, McGregor Lake, Speers Lake, Gela Lake, and McAvoy Lake in Nunavut, as well as the Peerless Property, a gold/silver prospect in the historic Bralorne Camp in British Columbia.
Average Trading Volume: 38,532
Technical Sentiment Signal: Buy
Current Market Cap: C$2.77M
Learn more about BMV stock on TipRanks’ Stock Analysis page.