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FAQ: Lexston Mining Corporation's Advisory Board Appointment and Stock Option Grant
TL;DR
Lexston Mining appoints Buddy Doyle, a diamond exploration expert with major discovery successes, potentially enhancing their exploration portfolio and competitive edge in mining.
Lexston Mining established an Advisory Board and appointed Buddy Doyle, who brings 40 years of mineral exploration experience and a proven track record of discoveries.
Adding experienced professionals like Buddy Doyle to Lexston's Advisory Board aims to enhance responsible mineral exploration and create value for all stakeholders.
Buddy Doyle discovered both the multi-million-ounce Minifie gold deposits and the Diavik diamond deposits, rare achievements in geological exploration history.
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Lexston Mining Corporation announced two key developments: the appointment of Buddy Doyle to its newly established Advisory Board and the grant of 400,000 incentive stock options to certain directors, officers, and consultants.
Buddy Doyle is a mineral exploration expert with 40 years of experience, including over 23 years at Rio Tinto PLC where he served as Exploration Vice President of Kennecott Canada Exploration Inc. He played significant roles in discovering the Minifie gold deposits at Lihir and the Diavik diamond deposits, and has extensive experience in diamond exploration and kimberlite geology.
He was part of the team that discovered the multi-million-ounce Minifie gold deposits at Lihir (1987-1988), led the team that discovered the Diavik diamond deposits (1994-1995), served as CEO of Amarillo Gold (2004-2017), was a founder and director of Western Potash (2007-2017), and received the Hugo Dummitt Award for excellence in diamond exploration in 2007.
According to CEO Jag Bal, the company created the Advisory Board for talented and accomplished individuals in the mining industry to provide input on the company's exploration portfolio.
The company granted incentive stock options to purchase up to 400,000 common shares, exercisable for five years at $0.115 per share, with a hold period expiring April 15, 2026, in accordance with Canadian Securities Exchange policies and applicable securities laws.
Lexston is a Canadian mineral exploration company focused on acquiring and developing mineral projects to enhance value for all stakeholders, with current projects located in British Columbia and Nevada.
Lexston trades on the OTCQB Venture Market (LEXTF) and investors can access real-time quotes and market information at www.otcmarkets.com.
You can contact Jagdip Bal, Chief Executive Officer, at telephone: (604) 928-8913 or email: info@lexston.ca.
Curated from NewMediaWire
