Business
Lido Announces Grant of Stock Options and Issuance of Shares
(TheNewswire) Vancouver, British Columbia - TheNewswire - November 16, 20...
About this update from Highlander Silver Corp
[{"type":"text","content":"Lido Announces Grant of Stock Options and Issuance of Shares\n \n \n (TheNewswire)\n \n \n \n \n \n \n Vancouver, British Columbia -\n \n \n TheNewswire -\n \n \n November 16, 2020 - Lido Minerals Ltd.\n(\"Lido\" or the \"Company\") (CSE:LIDO)\n \n \n (CNSX:LIDO.CN)\n \n is pleased to\nannounce that it has granted 50,000 incentive stock options to Paul\nTeniere, the Company's Chief Executive Officer (the\n\"Insider\") to purchase up to 50,000 common shares\n(\"Shares\") of the Company at an exercise pric\n \n \n e of $0.215 per Share, pursuant to the Company's\nStock Option Plan. The options will vest quarterly over a period of 12\nmonths and are valid for a period of five years from grant.\n \n \n In additional to the options, the Company has also issued 250,000\nShares to the Insider in satisfaction of a consulting agreement dated\nNovember 15, 2020, regarding certain management consulting fees. The\nShares have been issued at a deemed value of $0.215 per Share. The\nShares shall vest quarterly over a period of 12 months from issuance.\n \n \n All securities issued will be subject to a statutory hold period of\nfour months plus a day from issuance in accordance with applicable\nsecurities laws.\n \n \n The share issuance to the Insider is exempt from the valuation and\nminority shareholder approval requirements of Multilateral Instrument\n61-101 (\"MI 61-101\") by virtue of the exemptions contained\nin sections 5.5(a) and 5.7(1)(a) of MI 61-101 in that the fair market\nvalue of the consideration for the securities of the Company to be\nissued to the Insider does not exceed 25% of its market\ncapitalization.\n \n \n \n About Lido Minerals Ltd.\n \n \n \n Lido Minerals Ltd. is a mineral exploration company with an option,\nthrough its wholly-owned subsidiary, to acquire a 100% interest in the\nNimpkish mineral property in the Province of British Columbia.\n \n \n \n ON BEHALF OF THE BOARD OF DIRECTORS\n \n \n \n Paul Teniere, M.Sc., P.Geo.\n \n \n Chief Executive Officer\n \n \n (604) 687-2038\n \n \n \n [email protected]\n \n \n \n \n THE CSE HAS NOT REVIEWED AND DOES NOT\nACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS\nRELEASE\n \n .\n \n \n \n Notice Regarding Forward Looking\nInformation:\n \n \n \n \n Certain statements regarding Lido,\nincluding management's assessment of future plans and operations, ...