Rockhaven Resources Ltd. Adopts a New Omnibus Equity Incentive Plan
Rockhaven Resources Ltd. Adopts a New Omnibus Equity Incentive Plan
Rockhaven Resources Ltd. (TSXV:RK) has announced the adoption of a new Omnibus Equity Incentive Plan to replace its existing Incentive Stock Option Plan.
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Rockhaven Resources Ltd. (TSXV:RK) has announced the adoption of a new Omnibus Equity Incentive Plan to replace its existing Incentive Stock Option Plan. The New Plan allows for various equity awards including Stock Options, Restricted Share Units, Deferred Share Units, Performance Share Units, and Stock Appreciation Rights. The total number of shares issuable under the plan is capped at 10% of Rockhaven's outstanding common shares. The implementation of the New Plan requires both shareholder approval at the upcoming Annual General and Special Meeting on August 11, 2025, and acceptance from the TSX Venture Exchange.
VANCOUVER, BC / ACCESS Newswire / June 20, 2025 / Rockhaven Resources Ltd. (TSXV:RK) ("Rockhaven") announces that it has adopted a new Omnibus Equity Incentive Plan (the "New Plan") to replace its existing Incentive Stock Option Plan.
The New Plan, which is subject to the ratification by Rockhaven's shareholders at its 2025 Annual General and Special Meeting to be held on August 11, 2025, as well as acceptance by the TSX Venture Exchange, provides that the maximum number of shares which may be issued to Participants under the New Plan, or under any other share compensation arrangements, shall not collectively in the aggregate exceed 10% of the total number of Rockhaven common shares issued and outstanding, calculated on the date the Award (being Incentive Stock Options, Restricted Share Units, Deferred Share Units, Performance Share Units or Stock Appreciation Rights) is granted or issued to the Participant.
About Rockhaven Rockhaven Resources Ltd. is focused on advancing its 100%-owned, camp-scale Klaza Property, which hosts the Klaza Deposit and numerous lightly explored exploration targets. Rockhaven has completed a mineral resource estimate and a preliminary economic assessment on the Klaza deposit (see Klaza Property Technical Report with an effective date of July 10, 2020 and titled, "Technical Report and Preliminary Economic Assessment Update for the Klaza Property, Yukon, Canada." which can be viewed at www.sedarplus.ca under the Rockhaven profile or on the Rockhaven website at www.rockhavenresources.com).
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 NEWS RELEASE.
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What is the new equity incentive plan announced by Rockhaven Resources (RKHNF)?
Rockhaven Resources announced a new Omnibus Equity Incentive Plan that includes Incentive Stock Options, Restricted Share Units, Deferred Share Units, Performance Share Units, and Stock Appreciation Rights, replacing their existing Incentive Stock Option Plan.
What is the maximum share limit under Rockhaven's new equity incentive plan?
The maximum number of shares that can be issued under the new plan is capped at 10% of Rockhaven's total outstanding common shares, calculated on the date the Award is granted.
When will Rockhaven's (RKHNF) new equity incentive plan take effect?
The new plan requires shareholder approval at the Annual General and Special Meeting on August 11, 2025, and acceptance by the TSX Venture Exchange before taking effect.
What types of awards are included in Rockhaven Resources' new omnibus equity incentive plan?
The plan includes five types of awards: Incentive Stock Options, Restricted Share Units, Deferred Share Units, Performance Share Units, and Stock Appreciation Rights.
