Constantine Metal Resources Ltd (CVE:CEM) announced the issuance of 225,000 stock options with an exercise price of $0.44 per share for the purchase of up to 225,000 shares of the company.
In a statement issued on Monday, the Vancouver-based mineral exploration company said the options will expire December 24, 2023.
READ: Constantine Metal says tests at Palmer project in Alaska suggest significant precious-metal-rich zinc deposit
The stock options are being issued to an officer and to a director of the company and are subject to approval by regulatory authorities.
In addition to the company's flagship copper-zinc-lead-silver-gold Palmer Joint Venture project, Constantine also controls a portfolio of 100%-owned gold projects that the company intends to spin out into a separate entity.
Shares of Constantine fetched C$0.44 in last week's Canadian trading and climbed US$0.01 to US$0.32 in Wednesday's OTC Markets trading.