VANCOUVER, BC / ACCESS CABLE / Jul 8, 2022 / AZARGA METALS CORP. (“Azarga Metals” or the “Company“) (TSXV:AZR) is pleased to report that all resolutions presented at the Company’s Annual and Extraordinary General Meeting of shareholders held on July 8, 2022 were approved, as described in greater detail in the information circular of the Company dated June 3, 2022, including the replacement of the Company 10% “rolling” Values option plan (“option plan“) and a new stock incentive plan (“Equity Plan“). The Board of Directors approved the Option Plan and the Equity Plan on April 13, 2022, subject to shareholder and regulatory approval. The Option Plan and Stock Plan follow the new stock-based compensation policy adopted by the TSX Venture Exchange in November 2021.
Values option plan
The Company Option Plan is a 10% “continuing” stock option plan that governs the grant of stock options to directors, officers, employees and consultants of the Company or a subsidiary of the Company for the purchase of up to 10% of the ordinary shares issued and outstanding in the capital of the Company (the “Common actions“) from time to time that replaces the current stock option plan. All stock options currently outstanding under the superseded stock option plan will remain in effect on the effective date, however, new stock option grants will be subject to the new Option Plan.
Equity Incentive Plan
The Company’s Equity Plan governs the award of any restricted stock unit (RSU), performance stock unit (PSU) or deferred stock unit (DSU) (collectively, the “Awards“) granted under the Fixed Capital Plan, to directors, officers, employees and consultants of the Company or a subsidiary of the Company. The Company has reserved for issuance up to 13,050,291 Common Shares, being 10% of the issued and outstanding Common Shares of the Company, in accordance with the Equity Plan.
AZARGA METALS CORP.
Sponsored Content: OurLifeStore.com is a veteran-owned e-commerce with over 40,000 items at great prices and always free shipping
president and CEO
For more information, contact: Doris Meyer at +1 604 536-2711 ext. 3rd visit www.azargametals.com. The boss’s address office Azarga Metals is Unit 1 – 15782 Marine Drive, White Rock, BC V4B 1E6, British Columbia, Canada.
Neither the 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.
FONT: Azarga Metals Corp.