Business
GRANT OF OPTIONS & PDMR DEALINGS
GRANT OF OPTIONS & PDMR DEALINGS.
About this update from Cornish Metals Plc
[{"type":"text","content":"\n\n\n \nCORNISH METALS GRANT OF OPTIONS & PDMR DEALINGS\n \nVancouver, August 19, 2024\nCornish Metals Inc. (AIM/TSX-V: CUSN) (\"Cornish Metals\" or the \"Company\"), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, announces that it has granted 12,400,000 incentive stock options over common shares without par value in the Company (the \"Options\") to Executive Management and senior staff.\nThe exercise price of the Options granted herein is £0.085 per share (C$0.14). These Options have a five-year term, whereby the Options vest over a three-year period, with one third of the Options vesting at the end of each year. The Options will expire on August 19, 2029.\nThe Company's Stock Option Plan allows for the issuance of up to 10% of the Issued Share Capital of the Company. Prior to this grant, the Company had 14,550,000 options issued, representing 2.72% of the Issued Share Capital of the Company (535,270,712 shares). The current issuance of 12,400,000 options takes the total number of options granted to 26,950,000, representing 5.03% of the Issued Share Capital.\nPDMR Option Grants\nOwen Mihalop, Matthew Hird and Fawzi Hanano have been granted the following options:\n\n\n\n\nName\n\n\nPosition\n\n\nNumber of Options granted\n\n\nTotal Share options Held\n\n\n\n\nOwen Mihalop\n\n\nChief Operating Officer\n\n\n2,000,000\n\n\n4,750,000\n\n\n\n\nMatthew Hird\n\n\nChief Financial Officer\n\n\n1,600,000\n\n\n3,950,000\n\n\n\n\nFawzi Hanano\n\n\nChief Development Officer\n\n\n1,600,000\n\n\n2,400,000\n\n\n\n\n \nThe notification below, made in accordance with the requirements of the UK Market Abuse Regulation, provides further detail.\n \n\n\n\n\n1\n\n\nDetails of the person discharging managerial responsibilities / person closely associated\n\n\n\n\na) \n\n\nName\n \n\n\n1. Owen Mihalop\n2. Matthew Hird\n3. Fawzi Hanano\n\n\n\n\n2\n\n\nReason for the notification\n\n\n\n\na)\n\n\nPosition/status\n\n\n1. Chief Operating Officer\n2. Chief Financial Officer\n3. Chief Development Officer\n\n\n\n\nb)\n \n\n\nInitial notification /Amendment\n\n\nInitial notification\n\n\n\n\n3\n\n\nDeta...