St George Mining Ltd (ASX:SGQ) will issue bonus options to its shareholders to recognise their loyalty as the company continues to advance its exploration projects in Western Australia.
The issue will be 1 for 10 on a pro-rata basis, with an exercise price of $0.20 and an expiry on 30 September 2020.
The options are expected to be listed under (ASX:SGQOB), with trading to commence in early October 2017.
John Prineas, executive chairman, commented:
"The significant milestones achieved this year in our projects have created a strong platform for further exploration success.
"The backing of our loyal shareholders throughout our exploration programs has been invaluable and we wish to recognise their support with this bonus issue of options."