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Infinitum Copper Reports Approval of Options and Adoption of Equity Incentive Plan
VANCOUVER, BC / ACCESSWIRE / March 17, 2022 / Infinitum Copper Corp. (TSX.V:INFI) ("Infinitu...
About this update from Infinitum Copper Corp
[{"type":"text","content":"Infinitum Copper Reports Approval of Options and Adoption of Equity Incentive PlanVANCOUVER, BC / ACCESSWIRE / March 17, 2022 / Infinitum Copper Corp. (TSX.V:INFI) (\"Infinitum\" or the \"Company\") announces that the Board of Directors of the Company has approved the grant of an aggregate of 1,975,000 stock options (the \"Options\") to purchase common shares in the capital of the Company to certain directors, officers, employees, consultants, and advisors of the Company in accordance with the Company's Stock Option Plan. The Options are exercisable at a price of $0.40 per common share for a term of five years, until March 15, 2027. The granting of the Options is subject to regulatory acceptance of applicable filings.The Company also announces that the Board of Directors of the Company has approved the adoption of a new Equity Incentive Plan (the \"New Plan\") based on the new share based compensation policy adopted by the TSX Venture Exchange (the \"TSXV\") in November 2021. The New Plan is a 10% rolling plan for purposes of TSXV rules and contemplates the award of additional share based compensation beyond stock options, including Deferred Share Units, Restricted Share Units, Performance Share Units, Share Appreciation Rights and Stock Purchase Rights. The New Plan is subject to the approval of the TSXV. The Company plans to submit the New Plan for approval by its shareholders at its next annual general meeting. The Company also announces the grant of an aggregate of 1,425,000 Deferred Share Units to certain directors, officers and advisors of the Company in accordance with the New Plan. All such Deferred Share Units are considered to be conditionally granted subject to applicable approvals.For more information, please contact Anna Okopnaya, Manager of Investor Relations for Infinitum Copper at [email protected], +525534417980, or Steve Robertson, President and CEO of Infinitum Copper, at [email protected], (604) 409-3917.On Behalf of the Board of Directors ofINFINITUM COPPER CORP.Steve RobertsonChief Executive OfficerNeither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.About Infinitum CopperInfinitum Copper is advancing La Adelita project where the Company has an...