Business
New Pacific Announces Grant of Restricted Share Units
VANCOUVER, British Columbia, Dec. 05, 2019 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (“New Pacific” or the “Company”) announces today that it has granted an
About this update from New Pacific Metals Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Dec. 05, 2019 (GLOBE NEWSWIRE) -- New Pacific Metals Corp. (“New Pacific” or the “Company”) announces today that it has granted an aggregate total of 1,064,600 restricted share units of the Company (\"RSUs\") to certain eligible participants under the Company's share based compensation plan (the \"Incentive Plan\"). The RSUs have a term of two years and will vest on the basis of 25% on each of the 6, 12, 18 and 24 month anniversary of the grant date. Each RSU entitles the recipient to receive one common share in the capital of the Company at the time of vesting. The Incentive Plan was approved by the shareholders of the Company, including on a disinterested basis, at its most recent annual general meeting and remains subject to the final approval of the TSX Venture Exchange. ABOUT NEW PACIFIC New Pacific is a Canadian exploration and development company which owns the Silver Sand Project in Potosí Department, Bolivia and the Tagish Lake gold project in Yukon, Canada. For further information, contact: New Pacific Metals Corp.,Gordon NealPresidentPhone: (604) 633-1368Fax: (604) [email protected] www.newpacificmetals.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION Certain of the statements and information in this news release constitute “forward-looking information” within the meaning of applicable Canadian provincial securities laws. Any statements or information that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “is expected”, “anticipates”, “believes”, “plans”, “projects”, “estimates”, “assumes”, “intends”, “strategies”, “targets”, “goals”, “forecasts”, “objectives”, “budgets”, “schedules”, “potential” or variations thereof or stating that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are n...