G Mining Ventures Grants Equity Incentives

About this update from G Mining Ventures Corp

[{"type":"text","content":"\n \n \n \n G Mining Ventures Grants Equity Incentives\n \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.prntar{\nTEXT-ALIGN: RIGHT\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n TSXV\n \n \n :GMIN\n \n \n \n OTCQX:GMINF\n \n \n \n \n \n BROSSARD, QC\n \n \n ,\n \n \n Aug. 8, 2023\n \n \n /CNW/ -\n \n G Mining Ventures Corp.\n \n (\"\n \n GMIN\n \n \" or the \"\n \n Corporation\n \n \") (TSXV: GMIN) (OTCQX: GMINF) announces that, in accordance with the Corporation's Omnibus Equity Incentive Plan (the \"\n \n Plan\n \n \") approved by the Corporation's shareholders as of\n \n June 6, 2023\n \n , the Board of Directors has granted, as of\n \n August 7, 2023\n \n , an aggregate of 112,968 stock options (the \"\n \n Options\n \n \") and 42,723 restricted share units (the \"\n \n RSUs\n \n \") to certain officers and employees of the Corporation.\n \n \n \n \n \n \n \n \n \n Each Option confers upon its holder the right to purchase one common share in the capital of the Corporation (a \"\n \n Common Share\n \n \"), for a following period of five (5) years and exercisable at a price of\n \n C$1.25\n \n .\n \n \n Each RSU confers upon its holder the right to receive, without payment of any consideration, one Common Share or, at the Corporation's option, a cash payment equal to the Fair Market Value (as defined in the Plan) of such Common Share (with the additional option of receiving any combination of cash and Common Shares).\n \n \n The vesting terms for Options as well as RSUs are: one third (1/3) the first anniversary of the date of grant, one third (1/3) the second anniversary of the date of grant, and one third (1/3) the third anniversary of the date of grant.\n \n \n \n \n About G Mining Ventures Corp.\n \n \n \n \n G Mining Ventures Corp. (TSXV: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects, to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and pro...

More updates from G Mining Ventures Corp