Business
Grant of Incentive Stock Options and Share-Based Compensation
Toronto, Ontario--(Newsfile Corp. - August 17, 2023) - Big Ridge Gold Corp. (TSXV: BRAU) (" Big R...
About this update from Big Ridge Gold Corp
[{"type":"text","content":"Grant of Incentive Stock Options and Share-Based CompensationToronto, Ontario--(Newsfile Corp. - August 17, 2023) - Big Ridge Gold Corp. (TSXV: BRAU) (\"Big Ridge\" or \"Company\") announces it has granted incentive stock options pursuant to the Company's Long- and Short-Term Incentive Plans to the Company's officers to purchase an aggregate of 2,475,636 common shares of the Company at an exercise price of $0.15 (the \"Options\") in accordance with the terms of the Company's stock option plan. The Options are exercisable for a five-year term expiring August 16, 2028. In addition, the Company granted a total of 1,241,986 restricted share units pursuant to the Company's Long-and Short-Term Incentive Plans to the Company's officers and a total of 1,869,658 equity settled deferred share units to the Company's non-employee directors.The details of these grants and the associated vesting provisions are set out in the following table.Table 1: Grants and associated vesting provisions       Vesting on August 16     Total units         Description Nature of award awarded 2023 2024 2025 2026 Officers:             Restricted Share             Units, equity settled Short-Term Incentive Plan 376,602 - 376,602 - -   Long-Term Incentive Plan 865,384 - 288,461 288,461 288,462     1,241,986 - 665,063 288,461 288,462 Stock options Short-Term Incentive Plan 629,386 629,386 - - -   Long-Term Incentive Plan 1,846,250 615,417 615,417 615,416 -     2,475,636 1,244,803 615,417 615,416 - Non-employee Directors:             Deferred Share             Units, equity settled Annual compensation 1,869,658 - 1,869,658 - - In addition, the Company clarified certain details with respect to stock options and broker warrants issued pursuant to its acquisition of Gold Island Inc., announced August 14, 2023:As announced previously, the Company issued a total of 3,100,000 options with an exercise price of $0.15 per share as replacements for stock options issued previously by Gold Island. These options were issued with a five-year term expiring on August 11, 2028.In addition, the Company issued 1,029,744 broker warrants exercisable at a price of $0.4375 per share as replacemen...