Arras Minerals Announces Stock Option Grant for Canadian Business Journal

VANCOUVER, British Columbia, September 23, 2022 (GLOBE NEWSWIRE) — Arras Minerals Corp. (TSXV: ARK) (“Arras” or “Company) announces the grant of stock options to independent directors.

The Board of Directors of the Company has authorized the grant of 300,000 stock options (“Options”) to independent directors effective on the close of trading on September 22, 2022 (the “Grant Date”) pursuant to the Stock Incentive Plan Did. Each Option entitles the Independent Directors to purchase one common share of the Company’s capital (each a “Share”). Options were granted with an exercise price of $0.35 Canadian per share for five years. The option he vests in three years. One third of the options will vest immediately, one third on September 22, 2023 and one third on September 22, 2024.

About Arras

Arras is a Canadian exploration and development company that advances a portfolio of copper and gold assets in northeastern Kazakhstan, including an option agreement on the Beskauga copper and gold project. The company’s shares are listed on his TSX-V under the trading symbol ‘ARK’.

on behalf of the board

“Timothy Barry”

Tim Barry, MAusIMM (CP(Geo))
Chief Executive Officer and Director

Investor Relations:
+1 604 687 5800
[email protected]

For more information, please visit our website https://www.arrasminerals.com or follow us on LinkedIn: https://www.linkedin.com/company/arrasminerals

Neither TSX Venture Exchange nor its regulated service providers (as those terms are defined in the TSX Venture Exchange Policy) are responsible for the adequacy or accuracy of this release.

CBJ Newsmaker