fbpx
  • The HR Empire
Business

The Appointment of Executives and the Award of Equity Remuneration Are Announced by Northisle

The Appointment of Executives and the Award of Equity Remuneration Are Announced by Northisle

Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce that it has appointed Nicholas Van Dyk as Corporate Secretary, in addition to his current role as Chief Financial Officer, following the retirement of David Douglas.

Sam Lee, President & CEO of Northisle stated “I am pleased to announce this expanded role for Nicholas, as he has continued to demonstrate his value as a core member of our executive team. We thank Dave for his many years of service to the Company and wish him all the best in his well-deserved retirement.”

In addition, Northisle’s Board of Directors has approved the issuance of 2,773,300 stock options (the “Options”) pursuant to the Company’s incentive stock option plan. The Options provide for the purchase of an aggregate of 2,773,300 Common Shares at an exercise price of $0.175 per share, which is the closing price for the Company’s shares on the TSX-V as of November 21, 2022. The options have a 5-year term and vest one-third per year commencing on November 21, 2022.

In addition, the Board of Directors has approved the issuance of 571,200 deferred share units (the “DSUs”) and 447,300 restricted share units (the “RSUs”), pursuant to the Company’s Share Unit Plan as approved at the Company’s 2021 Annual General Meeting. The DSUs will vest on November 21, 2023, and the RSUs will vest one-third per year commencing on November 21, 2023.

Further terms of the Options, DSUs, and RSUs can be found in the Company’s Stock Option Plan and Share Unit Plan as filed on SEDAR.

Previous ArticleNext Article

Related Posts