Cordoba Minerals Grants Equity Incentive Awards

Rhea-AI Summary

Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) announces the approval of stock options and long-term incentive grants for President and CEO Sarah Armstrong-Montoya, allowing her to acquire up to 1,172,496 common shares in the company.

Vancouver, British Columbia--(Newsfile Corp. - January 10, 2024) - Cordoba Minerals Corp. (TSXV: CDB) (OTCQB: CDBMF) (otherwise "Cordoba" or the "Company") announces today that, pursuant to its Stock Option Plan and Long Term Incentive Plan, the Board of Directors have approved certain stock options ("Stock Options") and long incentive grants ("RSUs") to Sarah Armstrong-Montoya, President and CEO of Cordoba, to acquire up to an aggregate of 1,172,496 common shares in the capital of the Company.

586,248 Stock Options were granted to Sarah Armstrong-Montoya and are exercisable at a price of $0.36 per common share and will vest 1/3 six (6) months after the date of the grant, with an additional 1/3 vesting twelve (12) months after the date of grant and the remaining 1/3 vesting two (2) years after the date of grant. The Stock Options expire on January 8, 2029.

586,248 RSUs were granted to Sarah Armstrong-Montoya, and will vest as to one-third on each of the first, second and third anniversaries of the date of the grant, and are redeemable in common shares of the Company.

About Cordoba

Cordoba Minerals Corp. is a mineral exploration company focused on the exploration, development and acquisition of copper and gold projects. Cordoba is jointly developing the Alacran Project with JCHX Mining Management Co., Ltd., located in the Department of Cordoba, Colombia. Cordoba also holds a 51% interest in the Perseverance Copper Project in Arizona, USA, which it is exploring through a Joint Venture and Earn-In Agreement. For further information, please visit www.cordobaminerals.com.

ON BEHALF OF THE COMPANY
William Orchow, Chair of the Board of Directors

Information Contact

Ran Li +1-604-689-8765
info@cordobamineralscorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept 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/193796

FAQ

What is the ticker symbol for Cordoba Minerals Corp?

The ticker symbol for Cordoba Minerals Corp. is TSXV: CDB and OTCQB: CDBMF.

What was announced by Cordoba Minerals Corp. on January 10, 2024?

Cordoba Minerals Corp. announced the approval of stock options and long-term incentive grants for President and CEO Sarah Armstrong-Montoya.

How many common shares can Sarah Armstrong-Montoya acquire through the stock options and RSUs?

Sarah Armstrong-Montoya can acquire up to 1,172,496 common shares in the capital of the Company.

At what price are the Stock Options exercisable?

The Stock Options are exercisable at a price of $0.36 per common share.

When do the Stock Options expire?

The Stock Options expire on January 8, 2029.

How will the RSUs vest?

The RSUs will vest as to one-third on each of the first, second, and third anniversaries of the date of the grant.

Who are the Board of Directors of Cordoba Minerals Corp?

The Board of Directors of Cordoba Minerals Corp. approved the stock options and long-term incentive grants for Sarah Armstrong-Montoya.