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Northisle Copper and Gold Announces Executive Appointment and Equity Compensation Grant
VANCOUVER, British Columbia / Nov 22, 2022 / Business Wire / Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce t
About this update from Northisle Copper And Gold Inc.
[{"type":"text","content":"VANCOUVER, British Columbia / Nov 22, 2022 / Business Wire / Northisle Copper and Gold Inc. (TSX-V: NCX) (“Northisle” or the “Company”) is pleased to announce that it has appointed Nicholas Van Dyk as Corporate Secretary, in addition to his current role as Chief Financial Officer, following the retirement of David Douglas. Sam Lee, President & CEO of Northisle stated “I am pleased to announce this expanded role for Nicholas, as he has continued to demonstrate his value as a core member of our executive team. We thank Dave for his many years of service to the Company and wish him all the best in his well-deserved retirement.” In addition, Northisle’s Board of Directors has approved of the issuance of 2,773,300 stock options (the “Options”) pursuant to the Company’s incentive stock option plan. The Options provide for the purchase of an aggregate of 2,773,300 Common Shares at an exercise price of $0.175 per share, which is the closing price for the Company’s shares on the TSX-V as of November 21, 2022. The options have a 5 year term and vest one third per year commencing on November 21, 2022. In addition, the Board of Directors has approved the issuance of 571,200 deferred share units (the “DSUs”) and 447,300 restricted share units (the “RSUs”), pursuant to the Company’s Share Unit Plan as approved at the Company’s 2021 Annual General Meeting. The DSUs will vest on November 21, 2023, and the RSUs will vest one third per year commencing on November 21, 2023. Further terms of the Options, DSUs and RSUs can be found in the Company’s Stock Option Plan and Share Unit Plan as filed on SEDAR. About Northisle Northisle Copper and Gold Inc. is a Vancouver-based company whose mission is to become Canada’s leading sustainable mineral resource company for the future. Northisle owns the North Island Project, which is one of the most promising copper and gold porphyry deposits in Canada. The North Island Project is located near Port Hardy, British Columbia on a more than 34,000-hectare block of mineral titles 100% owned by Northisle stretching 50 kilometres northwest from the now closed Island Copper Mine operated by BHP Billiton. Northisle completed an updated preliminary economic assessment for the North Island Project in 2021 and is now focused on advancement of the project through a prefeasibility study while continuing exploration with...