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Calibre Announces Intended One-Off Grant of Options & Restricted Share Units, as Outlined in Management Information Circular
Calibre Announces Intended One-Off Grant of Options & Restricted Share Units, as Outli...
About this update from Equinox Gold Corp.
[{"type":"text","content":"\n\n\n\nCalibre Announces Intended One-Off Grant of Options & Restricted Share Units, as Outlined in Management Information Circular\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\nCalibre Announces Intended One-Off Grant of Options & Restricted Share Units, as Outlined in Management Information Circular\nCanada NewsWire\nVANCOUVER, Oct. 7, 2019\n\n\n\n/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/\n VANCOUVER, Oct. 7, 2019 /CNW/ - Calibre Mining Corp. (TSX-V: CXB) (the \"Company\" or \"Calibre\") announces that the Company intends to make a one-off grant to certain directors, officers and employees of the Company of 27,775,000 incentive stock options (the \"Options\") and 4,725,000 restricted share units (\"RSU\") pursuant to the Company's long-term incentive plan (the \"LTIP\"), which will be effective on the closing of the proposed acquisition from B2Gold Corp. (\"B2Gold\") of the El Limon and La Libertad Gold Mines, the Pavon Gold Project and additional mineral concessions in Nicaragua (the \"Transaction\"), as previously and more particularly disclosed in the Company's management information circular dated August 30, 2019 (the \"Circular\") circulated in connection with the Transaction and the concurrent financing of subscription receipts (the \"Concurrent Financing\"). The exercise price of the Options will be set in accordance with the requirements of the TSX-Venture Exchange and/or the Toronto Stock Exchange. \nOf the 27,775,000 Options and 4,725,000 RSUs that the Company is intending to issue, an aggregate of 10,375,000 Options and 1,575,000 RSUs will be issued to the non-employee directors of the Company (the \"NEDs\"). The NED director participation limits contained in the LTIP will, on a one-off basis, not apply to such Option and RSU grants to each of the NEDs in recognition of (i) the fundamental change to the Company entailed by the Transaction, (ii) the Concurrent Financing and the proposed graduation of the Company to the TSX, and (iii) the signification contrib...