West Vault Announces Grant of Share-Based Awards
West Vault Mining (TSXV: WVM, OTCQX: WVMDF) has announced the grant of 529,100 share-based awards to its officers, directors, employees, and consultants on January 14, 2025.
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Rhea-AI Summary
West Vault Mining (TSXV: WVM, OTCQX: WVMDF) has announced the grant of 529,100 share-based awards to its officers, directors, employees, and consultants on January 14, 2025. The awards consist of 114,000 restricted share units (RSUs) and 415,100 options to acquire common shares. The options allow holders to purchase company shares at $0.96 per share within a five-year period from the grant date. Both the options and RSUs are subject to a three-year vesting period and require TSX Venture Exchange acceptance.
Positive
- None.
Negative
- Share dilution potential from 529,100 new share-based awards
- Three-year vesting period restricts immediate value realization
Details
News Market Reaction – WVMDF
The recorded move for WVMDF in the trading session of this news was -0.34%.
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Vancouver, British Columbia--(Newsfile Corp. - January 17, 2025) - West Vault Mining Inc. (TSXV: WVM) (OTCQX: WVMDF) ("West Vault" or the "Company") announces that on January 14, 2025 (the "Grant Date") it awarded an aggregate 529,100 share-based awards (the "Share-Based Awards") to certain officers, directors, employees and consultants of the Company. The Share-Based Awards are comprised of 114,000 restricted share units ("RSUs"), and 415,100 options to acquire common shares of the Company (the "Options"). Each Option entitles the holder to purchase one common share of the Company at a price of
About West Vault Mining Inc.
West Vault is committed to maximizing shareholder value through its low-risk gold-in-ground strategy, which involves acquiring, advancing, holding, developing, and selling high-quality development gold projects in the best mining jurisdiction.
On behalf of the Board of West Vault Mining Inc.
Sandy McVey
Chief Executive Officer
For further information please see the Company's website at www.westvaultmining.com or contact us by email at info@westvaultmining.com.
Investor Relations:
Sandy McVey, CEO
(778) 388 2464 / info@westvaultmining.com
Disclaimer for Forward-Looking Information
This press release may contain forward-looking information or forward-looking statements (collectively "forward-looking information") within the meaning of applicable securities laws. Forward-looking information is typically identified by words such as: "maximizing shareholder value", "low risk", "high quality", "best", and similar expressions, or are those, which, by their nature, refer to future events. All statements that are not statements of historical fact are forward looking statements. Although West Vault believes that such information as set out in this press release is reasonable, it can give no assurance that such expectations and estimates will prove to be correct. The Company cautions investors that any forward-looking information provided by the Company is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors. The reader is referred to the Company's public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Company's profile on SEDAR+ at www.sedarplus.ca.
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 release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237620
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