Vancouver, BC, December 27th, 2019. Newport Exploration Ltd. (the “Company”) announces the grant of incentive stock options to directors, officers and consultants to purchase 9,075,000 common shares of the Company at an exercise price of $0.40 per share for a five year term expiring December 26th, 2024.
During the year ended July 31, 2019, 6,000,000 warrants were exercised for proceeds of $840,000 and, 6,100,000 stock options were exercised for proceeds of $354,500. Total proceeds from the exercise of stock options and warrants were $1,194,500 net to the treasury.
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