GPM Metals Inc. Announces Grant of Options
Rhea-AI Summary
GPM Metals Inc. (TSXV: GPM) has announced the grant of 6,100,000 stock options to its directors, officers, and consultants. The options are exercisable at $0.10 per share with an expiration date of December 9, 2027. The vesting schedule is structured as 25% immediate vesting, followed by additional 25% portions vesting after 6, 12, and 18 months from the grant date. The option grant remains subject to TSX Venture Exchange approval and requirements.
Positive
- Grant of 6.1 million options provides incentive alignment between management and shareholders
Negative
- Potential dilution of shareholder value if options are exercised
- Exercise price of $0.10 represents a significant portion of company's market value
Toronto, Ontario--(Newsfile Corp. - December 9, 2024) - GPM Metals Inc. (TSXV: GPM) ("GPM" or the "Company") announces that it has granted effective December 9, 2024, an aggregate of 6,100,000 options to directors, officers and consultants of the Company, with such options being exercisable at a price of
The options vest as to
The grant of options is subject to the approval and requirements of the TSX Venture Exchange.
For further information contact:
John Tait
CEO and Director
416-628-5904
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 and / or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/233028
FAQ
How many stock options did GPM Metals (TSXV: GPM) grant on December 9, 2024?
What is the exercise price and expiration date for GPM Metals' December 2024 stock options?
What is the vesting schedule for GPM Metals' December 2024 stock options?
