Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) has granted 1,000,000 Stock Options and 500,000 Restricted Share Units to its Chief Executive Officer and Director. The company also provides an overview of its exploration activities and portfolio.
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) announced the grant of 1,000,000 stock options (RSUs) and 500,000 restricted share units (RSUs) to its Chief Executive Officer and Director. Each Stock Option allows the holder to purchase one common share of the company at an exercise price of $0.16 per share until January 31, 2028. The Stock Options were issued under the terms of the company's stock option plan and vest over a period of three years, with a quarterly vesting schedule.
The RSUs have a vesting period of 24 months, with 50% vesting after 12 months. Upon vesting, each RSU entitles the holder to acquire one common share of the company. The RSUs were issued pursuant to the company's restricted share unit plan.Sun Summit Minerals is a mineral exploration company focused on the expansion and discovery of district-scale gold and copper assets in British Columbia. The company's portfolio includes the JD Project in the Toodoggone region of north-central British Columbia and the Buck Project in central British Columbia. The news release includes forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those expressed or implied by these statements. Readers are advised not to place undue reliance on forward-looking information. Key assumptions underlying these statements include the state of equity financing markets, receipt of regulatory approvals, risks inherent in exploration activities, market price volatility, capital market fluctuations, and fluctuations in metal prices. The company disclaims any intention or obligation to update or revise forward-looking statements except as required by applicable securities laws
SUN SUMMIT MINERALS STOCK OPTIONS RESTRICTED SHARE UNITS CEO DIRECTOR MINERAL EXPLORATION BRITISH COLUMBIA FORWARD-LOOKING STATEMENTS
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