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NorthStar Gaming Announces Results of Annual Meeting and Grant of Equity Incentive Awards
Toronto, Ontario--(Newsfile Corp. - June 2, 2025) - NorthStar Gaming Holdings Inc. (TSXV: BET) (O...
About this update from Northstar Gaming Holdings Inc
[{"type":"text","content":"NorthStar Gaming Announces Results of Annual Meeting and Grant of Equity Incentive AwardsToronto, Ontario--(Newsfile Corp. - June 2, 2025) - NorthStar Gaming Holdings Inc. (TSXV: BET) (OTCQB: NSBBF) (\"NorthStar\" or the \"Company\") today announced the results of voting at its annual general and special meeting of shareholders held on May 26, 2025 (the \"Meeting\"). The Company also announced that its Board of Directors has approved the grant of equity incentive awards in the form of stock options, restricted share units (\"RSUs\") and deferred share units (\"DSUs\") pursuant to the Company's Equity Incentive Plan.Each of the director nominees listed in the Company's management information circular dated April 23, 2025 (the \"Circular\") were re-elected as directors of the Company, including Vic Bertrand, Brian Cooper, Alex Latner, Dean Macdonald, Chris McGinnis, Michael Moskowitz, Sylvia Prentice, and Barry Shafran. The shareholders of the Company approved the re-appointment of KPMG LLP as the auditors of the Company for the ensuing year and authorized the board of directors to fix their remuneration and terms of engagement. At the Meeting, the shareholders of the Company approved certain amendments to the Company's omnibus equity compensation plan (the \"Plan\"), in accordance with the TSX Venture Exchange rules and policies. A copy of the Plan is attached as an appendix to the Circular, which is available on the Company's SEDAR+ profile at www.sedarplus.ca.Stock OptionsThe Company has granted options to acquire up to 3,932,500 common shares of the Company to certain of its employees, consultants, and officers. The options have an exercise price of $0.06 per common share and expire in five years. The options vest annually in equal tranches over a period of three (3) years.RSUsThe Company has granted an aggregate of 6,000,000 RSUs pursuant to the Plan to certain of its employees, consultants, and officers. The RSUs vest annually in equal tranches over a period of three (3) years. DSUsThe Company has granted an aggregate of 2,454,545 DSUs pursuant to the Plan to non-executive directors of the Company in lieu of cash compensation for their services to date. The DSUs vest immediately and may only be redeemed upon a holder ceasing to be a director of the Company.The grant of stock options, RSUs and DSUs remain subject to the appro...