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LUCA ANNOUNCES GRANT OF STOCK OPTIONS AND RESTRICTED SHARE UNITS AND AMENDMENT TO EMPRESS AGREEMENT
LUCA ANNOUNCES GRANT OF STOCK OPTIONS AND RESTRICTED SHARE UNITS AND AMENDMENT TO EMPRESS AGREEME...
About this update from Luca Mining Corp
[{"type":"text","content":"\n\n\n\n LUCA ANNOUNCES GRANT OF STOCK OPTIONS AND RESTRICTED SHARE UNITS AND AMENDMENT TO EMPRESS AGREEMENT\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 \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n VANCOUVER, BC\n \n\n ,\n \n\n Aug. 15, 2024\n \n\n /CNW/ -\n \n Luca Mining Corp.\n \n (\"\n \n Luca\n \n \" or the \"\n \n Company\n \n \") (TSX-V: LUCA) (OTCQX: LUCMF) (Frankfurt: Z68) announces that it has granted an aggregate of 4,508,833 incentive stock options (\"\n \n Options\n \n \") and 800,000 Restricted Share Units (\"\n \n RSUs\n \n \") to certain officers and directors in accordance with Luca's omnibus equity incentive plan. The Options are exercisable at a price of\n \n $.55\n \n and will expire five years from the date of their issuance. The Options will vest as follows: (i) 33% on\n \n August 15\n \n , 2024 ; (ii) 33%\n \n February 15\n \n , 2025 ; and (iii) the balance on August 15, 2025 . The RSUs will vest on\n \n August 15, 2025\n \n . The grant of the Options and RSUs are subject to approval by the TSX Venture Exchange.\n \n\n\n\n\n\n\n\n\n Luca is also pleased to announce that it has reached an agreement with Empress Royalty Corp. (\"\n \n Empress Royalty\n \n \") to amend (the \"\n \n Amendment\n \n \") the metal purchase and sale agreement (the \"\n \n Agreement\n \n \") entered into between the Company and Empress Royalty on\n \n April 14, 2021\n \n and subsequently amended on\n \n May 1, 2023\n \n . The Amendment introduces a revised payment schedule designed to normalize payments under the Agreement which were partially deferred while Tahuehueto's nameplate capacity of 1000 tpd was installed. Regular silver ounce deliveries under the Agreement are deemed to have recommenced effective\n \n July 1, 2024\n \n . For further information with respect to the Amendment, please see Empress Royalty's press release dated\n \n August 14, 2024\n \n . As previously announced by a news release dated\n \n July 25, 2024\n \n , the Company has completed construction of its new Tahuehueto gold, silver mine and is in the process of commissioning sam...