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Nations Royalty (OTCQB: NRYCF) has announced the granting of stock options to its directors, officers, employees, and consultants. The company has issued options to purchase 1,015,000 common shares at an exercise price of $0.58 per share, based on the 5-day volume-weighted average price on the TSXV.
The options have a five-year exercise period with a three-stage vesting schedule: one-third immediate vesting, one-third after 12 months, and the final third after 24 months. The company continues to focus on Indigenous-owned precious metal royalties in Canada and provides advisory services to First Nations on royalty structuring.
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