Bear Creek Mining Announces Grant of Stock Options
Rhea-AI Summary
Bear Creek Mining (TSXV: BCM) (OTCQX: BCEKF) has announced the grant of 200,000 stock options to Mr. Donald Mc Iver, VP Exploration and Geology. The options, approved by the Board of Directors, are part of the company's Stock Option Plan and are subject to vesting provisions. They can be exercised until August 2, 2034 at a strike price of Cdn $0.325 per share, which matches the TSX Venture Exchange closing price of Bear Creek's shares on August 1, 2024. This move appears to be part of the company's strategy to align executive interests with shareholder value.
Positive
- Alignment of executive interests with shareholder value through stock option grant
- 10-year exercise period for granted stock options, indicating long-term commitment
Negative
- Potential dilution of existing shareholders' equity due to stock option grant
News Market Reaction
On the day this news was published, BCEKF declined 2.44%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Vancouver, British Columbia--(Newsfile Corp. - August 2, 2024) - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) ("Bear Creek" or the "Company") announces that its Board of Directors has authorized and approved a grant of 200,000 stock options (the "Options") pursuant to its stock option plan (the "Stock Option Plan") to Mr. Donald Mc Iver, VP Exploration and Geology. The Options are subject to vesting provisions in accordance with the Stock Option Plan and are exercisable on or before August 2, 2034 at the strike price of Cdn
On behalf of the Board of Directors,
Eric Caba
President and CEO
For further information contact:
Barbara Henderson - VP Corporate Communications
Direct: 604-628-1111
E-mail: barb@bearcreekmining.com
www.bearcreekmining.com
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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.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/218637
FAQ
How many stock options did Bear Creek Mining (BCEKF) grant on August 2, 2024?
What is the strike price for the stock options granted by Bear Creek Mining (BCEKF)?
Who received the stock options from Bear Creek Mining (BCEKF) in this grant?
When do the stock options granted by Bear Creek Mining (BCEKF) expire?
