Business
Minera Alamos Announces Corporate Update - Debt Shares and Omnibus Incentive Plan
Toronto, Ontario--(Newsfile Corp. - April 15, 2025) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") announces that it has received approval from the TSX Venture Exchange for the implementation of its Omnibus Incentive Plan, as ratified and approved by shareholders at the Company's annual and special meeting of shareholders held February 28, 2025. The purpose of the Omnibus Plan is to provide the Company with a share-related mechanism to attract, ...
About this update from Minera Alamos Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - April 15, 2025) - Minera Alamos Inc. (TSXV: MAI) (the "Company" or "Minera Alamos") announces that it has received approval from the TSX Venture Exchange for the implementation of its Omnibus Incentive Plan, as ratified and approved by shareholders at the Company's annual and special meeting of shareholders held February 28, 2025.","length":392,"tagName":"p"},{"type":"text","content":"The purpose of the Omnibus Plan is to provide the Company with a share-related mechanism to attract, retain and motivate qualified directors, officers, employees, management and others who provide service to the Company ("Eligible Participants"), and to align the goals of such Eligible Participants with the interests of shareholders and the long-term goals of the Company.","length":384,"tagName":"p"},{"type":"text","content":"The Omnibus Incentive Plan is a ten percent (10%) rolling plan of issued and outstanding common shares, pursuant to which the Board of Directors may grant stock options, restricted share units and deferred share units to acquire common shares from time to time. There are no restricted share units or deferred share units outstanding, however, as of today's date there are 27,746,775 incentive stock options outstanding representing 4.8% of the issued and outstanding common shares of the Company.","length":501,"tagName":"p"},{"type":"text","content":"For more information, the Omnibus Incentive Plan in its entirety, is attached as Schedule "A" to the Company's Management Information Circular dated January 20, 2025, available on SEDAR+ (www.sedarplus.ca) under the Corporation's issuer profile, and on the Corporation's website at https://www.mineraalamos.com/investors/agm-information/.","length":360,"tagName":"p"},{"type":"text","content":"The Company further announces that it has issued 3,118,800 common shares at a deemed price of $0.28 per share, and 269,564 common shares at a deemed price of $0.345, for a total of 3,388,364 common shares to settle outstanding amounts ($951,000) owed to arms-length creditors formerly engaged by Sabre Gold Mines Corp. (see news releases February 6, 2025, and March 12, 2025). All securities issued are subject to hold periods prescribed by applicable securities regulators, including a four month hold period...