Uranium Royalty Corp. Grants Incentive Stock Options

Uranium Royalty Corp. (UROY) has announced the grant of 725,000 incentive stock options to directors, officers, employees, and consultants under its long-term incentive plan, with an exercise price of $3.49 per share.

Rhea-AI Summary

Uranium Royalty Corp. (UROY) has announced the grant of 725,000 incentive stock options to directors, officers, employees, and consultants under its long-term incentive plan, with an exercise price of $3.49 per share. 450,000 of these options are allocated specifically to directors and officers. The options have a vesting period of 18 months and are valid for five years. Additionally, the company has signed a 12-month digital marketing agreement with Wallace Hill Partners for $100,000 to enhance its profile, including granting 150,000 options to WHP at the same exercise price.

Positive

• Issuance of 725,000 incentive stock options indicates confidence in the company's strategy.
• Digital marketing agreement with Wallace Hill Partners aims to enhance visibility and market presence.

Negative

• None.

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VANCOUVER, BC, May 31, 2021 /PRNewswire/ - Uranium Royalty Corp. (TSXV: URC) (NASDAQ: UROY) ("URC" or the "Company") announced today the grant of incentive stock options to purchase 725,000 common shares of the Company (the "Options") to certain directors, officers, employees and consultants of the Company pursuant to the Company's long term incentive plan (the "Plan"), which included 450,000 Options issued to directors and officers of the Company. The Options have an exercise price of $3.49 per share, representing the market price for the common shares on May 28, 2021, and are valid for a period of five years. The Options vest over a period of eighteen months.

The Company further announces that it has entered into a digital marketing agreement with Wallace Hill Partners Ltd. ("WHP"), an independent company that provides digital marketing services to public companies. The engagement has a 12-month term and may be terminated by the Company at any time. Pursuant to the agreement, the Company will pay $100,000 to WHP in consideration for the services provided thereunder, including, among other things, online marketing and publishing services through internal and third-party advertisers, to further increase the Company's profile. In addition to the Option grants to directors, officers, employees and consultants set forth above, the Company has granted Options to purchase 150,000 common shares of the Company to WHP. Such Options have an exercise price of $3.49 per share and are valid for a period of two years. The options vest incrementally over a 12-month period.

About Uranium Royalty Corp.

Uranium Royalty Corp. (URC) is a pure-play uranium royalty company focused on gaining exposure to uranium prices by making strategic investments in uranium interests, including royalties, streams, debt and equity investments in uranium companies, as well as through holdings of physical uranium.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

View original content:http://www.prnewswire.com/news-releases/uranium-royalty-corp-grants-incentive-stock-options-301302439.html

SOURCE Uranium Royalty Corp.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the significance of the stock options granted by Uranium Royalty Corp.?

Uranium Royalty Corp. has granted 725,000 stock options, reflecting the company's confidence in its future growth and incentivizing key personnel.

What is the exercise price of the stock options issued by UROY?

The exercise price of the stock options is $3.49 per share.

How long are the stock options valid for UROY?

The stock options are valid for a period of five years.

What does the digital marketing agreement entail for Uranium Royalty Corp.?

The digital marketing agreement with Wallace Hill Partners includes online marketing and publishing services to boost the company's profile.

What is the term of the marketing agreement signed by UROY?

The marketing agreement is for a term of 12 months and can be terminated by the company at any time.