Business
Buffalo Potash Announces Grant of Compensation Securities
Vancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Buffalo Potash Corporation (T...
About this update from Buffalo Potash Corporation
[{"type":"text","content":"Buffalo Potash Announces Grant of Compensation SecuritiesVancouver, British Columbia--(Newsfile Corp. - January 21, 2026) - Buffalo Potash Corporation (TSXV: BUFF) (the \"Company\" or \"Buffalo\") announces the grant of an aggregate of 5,375,000 incentive stock options (\"Options\") and 3,240,610 restricted share units (\"RSUs\") to certain eligible participants, including certain directors and officers of the Company, under the Company's \"fixed 20%\" omnibus equity incentive plan (the \"Plan\"). The grants are intended to align the interests of incoming management, board, and consultants with the long-term success and strategic objectives of the Company. The grant includes 4,650,000 Options which vest in four 25% equal instalments over a period of twenty-four (24) months from the date of grant, with the first instalment vesting on the date that is six months from the date of issuance thereof, and three additional instalments vesting twelve, eighteen and twenty-four months anniversary thereafter. Also included are 575,000 Options which vest immediately and 150,000 Options which vest in four 25% instalments over a period of twelve (12) months from the date of grant, with the first instalment vesting on the date that is three months from the date of issuance thereof, and three additional instalments vesting six, nine and twelve months anniversary thereafterUpon vesting, each Option shall be exercisable to acquire one common share in the capital of the Company (each, a \"Common Share\") for a period of five years from the date of issuance thereof at an exercise price of $0.35. Each RSU, which shall vest on the twelve-month anniversary of the date of issuance thereof, shall entitle the holder thereof to the issuance of one Common Share upon redemption thereof. The Company relied on section 5.5(b) of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (\"MI 61-101\") as the exemption from the formal valuation requirements of MI 61-101 in respect of the grant of Options and RSUs to certain \"related parties\" (as such term is defined under MI 61-101) of the Company, as the Common Shares are not listed on a specified market under MI 61-101. The Company relied on section 5.7(a) of MI 61-101 as the exemption from the minority approval requirements of MI 61-101 in respect of the grant of Optio...