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Big Ridge Gold Corp. Announces Results of Voting and Details of Equity Compensation Plans
Toronto, Ontario--(Newsfile Corp. - December 23, 2022) - Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB...
About this update from Big Ridge Gold Corp
[{"type":"text","content":"Big Ridge Gold Corp. Announces Results of Voting and Details of Equity Compensation PlansToronto, Ontario--(Newsfile Corp. - December 23, 2022) - Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) (\"Big Ridge\" or the \"Company\") is pleased to announce that at its annual and special meeting of shareholders held on December 22, 2022 its shareholders approved all of the resolutions proposed at the meeting, including the re-appointment of the Company's six directors (Nick Tintor, Mike Bandrowski, William Williams, Kristina Bates, Richard J. Mazur and James Maxwell), the re-appointment of the Company's auditors and the approval of the Company's amended and restated stock option plan (the \"Amended SOP\"), amended and restated restricted share unit plan (the \"Amended RSU Plan\") and the newly constituted equity-based deferred share unit plan (the \"Equity DSU Plan\" and together with the Amended SOP and the Amended RSU Plan, the \"Equity Compensation Plans\").The Amended SOP is effective as of December 22, 2022 and amends and restates the stock option plan that was approved by the Company's shareholders at its December 14, 2021 meeting of shareholders. Stock options may be issued under the Amended SOP to bona fide directors, officers, employees, management company employees, consultants or company consultants of the Company. The Amended SOP is a fixed plan with a maximum of 15,839,712 common shares reserved for issuance thereunder, which includes 5,838,712 common shares already reserved for issuance in connection with stock options granted under the predecessor stock option plan. In the event a stock option expires unexercised, the common shares that were issuable thereunder will be added back to the maximum total under the Amended SOP.The Amended RSU Plan is effective as of December 22, 2022 and amends and restates the restricted share unit plan that was approved by the Company's shareholders at its December 14, 2021 meeting of shareholders. Restricted share units (\"RSUs\") may be issued under the Amended RSU Plan to eligible employees, directors, officers and consultants of the Company. The Amended RSU Plan is a fixed plan and the maximum number of common shares that may be issued under the Amended RSU Plan and the Equity DSU Plan is 4,385,000 common shares, including 385,000 common shares reserved for RSUs issued under the prede...