Business
Noble Grants Options and RSUs
(TheNewswire) Toronto, Ontario – August 15 , 202 4 – TheN...
About this update from Noble Mineral Exploration Inc.
[{"type":"text","content":"Noble Grants Options and RSUs\n\n\n (TheNewswire)\n \n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n Toronto, Ontario – August\n \n\n 15\n \n\n , 202\n \n\n 4\n \n\n –\n \n\n TheNewswire –\n \n\n Noble Mineral Exploration Inc.\n \n\n (\n \n\n “Noble”\n \n\n or the\n \n\n “Company”\n \n\n ) (TSX-V:NOB, FRANKFURT: NB7,\nOTCQB:NLPXF) announces that effective as of August\n \n\n 13\n \n\n , 202\n \n\n 4\n \n\n (the “\n \n\n Date of Grant\n \n\n ”),\nthe Company’s Board approved the grant of a total of\n \n\n 4,300\n \n\n ,000 stock options (the\n“\n \n\n Options\n \n\n ”) and\n \n\n 2,540\n \n\n ,000 restricted share units (“\n \n\n RSUs\n \n\n ”) to officers,\ndirectors, and certain consultants of the Company.  The Options were\ngranted for services rendered\n \n\n and to be\nrendered\n \n\n .\n \n\n 150\n \n\n ,000 of the Options were granted to\na party who provides investor relations services to the Company, and\ntherefore vest in tranches of 25% every three months.  The balance of\nthe Options vest immediately. The RSUs, which vest one year after the\nDate of Grant, were granted for services to be rendered over the next\nyear.  The Options and RSUs were granted pursuant to the Amended and\nRestated 2022 Equity Incentive Plan approved at the Company’s\nshareholder meeting on February 2\n \n\n 8\n \n\n , 202\n \n\n 4\n \n\n .\n \n\n\n\n The Options have an exercise price of $0.\n \n\n 05\n \n\n per common share of Noble and are\nexercisable for three years from the Date of Grant.  Out of the total\nnumber of Options and RSUs granted,\n \n\n 2\n \n\n ,\n \n\n 85\n \n\n 0,000 Options and 2,\n \n\n 3\n \n\n 00,000 RSUs were granted to directors and officers of the\nCompany. Upon being fully vested, the RSUs may be settled in the\ncorresponding number of common shares of the Company, in the cash\nequivalent of those shares, or in a combination of shares and\ncash\n \n\n .\n \n\n\n\n The grant of Options and RSUs is subject to compliance\nwith TSX Venture Exchange requirements. Following the grant of Options\nand RSUs, the Company has a total of\n \n\n 7\n \n\n ,\n \n\n 8\n \n\n 00,000 stock options outstanding and\n \n\n 2\n \n\n ,\n \n\n 54\n \n\n 0,000 RSUs outstanding.\n \n\...