Three Valley Copper Announces Grant of Deferred Share Units and Restricted Share Units

Rhea-AI Summary

Three Valley Copper Corp. has granted 508,130 Deferred Share Units (DSUs) to directors and 325,203 Restricted Share Units (RSUs) to its CEO as part of its long-term incentive plan for Q1 2022. DSUs will be granted quarterly, representing half of each director’s board retainer, redeemable upon cessation of directorship. The RSUs for the CEO account for 20% of their base compensation and will vest on January 1 of the second calendar year post-grant. The company focuses on increasing copper production from its primary asset, Minera Tres Valles in Chile.

Positive

• Quarterly grants of DSUs to directors show a commitment to long-term incentive alignment.
• CEO's RSUs represent a significant portion (20%) of base compensation, linking pay to performance.

Negative

• None.

TORONTO, April 01, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) (OTCQB: TVCCF) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) announces that it has granted 508,130 Deferred Share Units (DSUs) to directors and 325,203 Restricted Share Units (RSUs) to the CEO pursuant to its long-term incentive plan for the quarter ending March 31, 2022.

The Company intends to grant DSUs quarterly to its directors, with each grant representing one-half of each director’s board retainer, payable in cash or common shares of the Company, upon the holder ceasing to be a director of the Company.

The RSUs granted to the CEO represent 20% of the base compensation of the CEO and are payable in common shares of the Company on exercise, and vest on January 1 of the second calendar year after the date of grant. The Company intends to grant additional RSUs representing 20% of the base compensation of the CEO on a quarterly basis.

About Three Valley Copper

Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 95.1% owned by the Company and MTV's main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.

For further information:

Michael Staresinic
Chief Executive Officer
T: (416) 943-7107
E: mstaresinic@threevalleycopper.com

Renmark Financial Communications Inc.
Joshua Lavers: jlavers@renmarkfinancial.com
T: (416) 644-2020 or (212) 812-7680
www.renmarkfinancial.com

Source: Three Valley Copper.

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.

FAQ

What stock symbol does Three Valley Copper trade under?

Three Valley Copper trades under the stock symbol TVCCF on the OTCQB.

How many DSUs were granted to directors by Three Valley Copper?

Three Valley Copper granted 508,130 Deferred Share Units (DSUs) to its directors.

What percentage of base compensation do the RSUs granted to the CEO represent?

The RSUs granted to the CEO represent 20% of their base compensation.

When do the RSUs granted to the CEO of Three Valley Copper vest?

The RSUs granted to the CEO vest on January 1 of the second calendar year after the grant date.