Business
Archer Exploration Grants Equity Incentive Awards
VANCOUVER, BC, Dec. 13, 2022 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (the "Company" or "Archer") announces today that it has granted an aggregate of 2,325,
About this update from Northx Nickel Corp.
[{"type":"text","content":" VANCOUVER, BC, Dec. 13, 2022 /CNW/ - Archer Exploration Corp. (CSE: RCHR) (the \"Company\" or \"Archer\") announces today that it has granted an aggregate of 2,325,000 incentive stock options (the \"Options\") to certain directors, officers, employees, and consultants of the Company. The Options have an exercise price of $0.55 per share, are exercisable for a period of five-years from the date of the grant and will vest in three equal annual instalments commencing on the grant date. In addition, the Board of Directors authorized the grant of an aggregate 350,000 restricted share units (the \"RSUs\") to certain officers, employees, and consultants of the Company and 1,100,000 deferred share units (the \"DSUs\") to certain directors of the Company. The RSUs will vest in three equal annual instalments commencing on the first anniversary of the grant date and the DSUs will not vest until such time as the recipient Director ceases to be a Director of the Company, provided that no DSUs will vest within 12 months of the grant date. The Options, RSUs, and DSUs were granted in accordance with the Company's omnibus equity incentive plan, which was approved by the shareholders of the Company at the special meeting of the shareholders held on October 12, 2022. About Archer Archer is a Ni-Cu-Co-PGE focused exploration and development company headquartered in Vancouver, Canada. The Company's flagship and core asset is the Grasset Project, located within the Abitibi greenstone belt approximately 55 kilometres west-northwest of Matagami Quebec. In addition, the Company holds an extensive portfolio of 37 properties comprised of 309 square kilometres in the world-class mining district of Sudbury. The Company's growth strategy is focused on the exploration and development of its nickel sulphide properties within its portfolio, as well as other battery metal assets it may acquire that fit its strategic criteria. Archer's vision is to be a responsible nickel sulphide developer in stable pro-mining jurisdictions. Archer is committed to socially responsible exploration and development, working safely, ethically, and with integrity. Archer is backed by Inventa Capital Corp., a Vancouver-based merchant bank founded in 2017 with the goal of discovering and funding opportunities in the resource sector. The common shares of Archer are listed on the C...