McFarlane Lake Adjusts Stock Option Terms

McFarlane Lake Mining Limited has announced an amendment to its previously granted stock options. The Canadian gold exploration company's board approved the change to align with recent financing terms. Stock options, originally exercisable at $0.10 per share, now have a new price of $0.15 per share, consistent with recent financing under the LIFE offering.

The options, issued on November 2, 2024, to certain directors, officers, employees, and consultants, remain exercisable until November 2, 2030. This amendment signifies investor support for McFarlane's growth strategy. The Canadian Securities Exchange's acceptance is required, and option agreements must be executed by holders. All other option terms remain unchanged.

McFarlane continues to focus on advancing its flagship Juby Gold Project in Ontario.