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Press release content from Accesswire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Accesswire
Press release content from Accesswire. The AP news staff was not involved in its creation.

CORRECTION Re Grant of Stock Options

December 22, 2020 GMT

TORONTO, ON / ACCESSWIRE / December 22, 2020 / Magna Terra Minerals Inc. (the “Company” or “Magna Terra”) (TSX-V:MTT) in a Press Release dated yesterday (December 21) incorrectly reported the number of stock options granted to Officers, Directors, Contractors, and Consultants to the Company as approved by its Board of Directors in accordance with its Stock Option Plan. The correct number of options issued was 2,120,000 (not 1,138,571). Each option is exercisable at $0.20 per share for a period of 5 years from issuance, and will have standard vesting conditions.

About Magna Terra

Magna Terra Minerals Inc. is a precious metals focused exploration company, headquartered in Toronto, Canada. Magna Terra owns three district-scale, advanced gold exploration projects in the world class mining jurisdictions of New Brunswick and Newfoundland and Labrador. Further, the Company maintains a significant exploration portfolio in the province of Santa Cruz, Argentina which includes its precious metals discovery on its Luna Roja Project, as well as an extensive portfolio of district scale drill ready projects available for option or joint venture.

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Forward Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statements Regarding Forward Looking Information

Some statements in this release may contain forward-looking information. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding potential mineralization) are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company’s expectations, changes in world gold markets or markets for other commodities, and other risks disclosed in the Company’s public disclosure record on file with the relevant securities regulatory authorities. Any forward-looking statement speaks only as of the date on which it is made and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.

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FOR FURTHER INFORMATION PLEASE CONTACT:

Magna Terra Minerals Inc. Lewis Lawrick

President and CEO, Director

647-478-5307

Email:

Website: www.magnaterraminerals.com

SOURCE: Magna Terra Minerals Inc.

View source version on accesswire.com:

https://www.accesswire.com/622012/CORRECTION-Re-Grant-of-Stock-Options