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Resouro Strategic Metals Inc. Announces Board Approval of Amended and Restated Option Plan
Toronto, Ontario--(Newsfile Corp. - December 22, 2023) - Resouro Strategic Metals Inc. (TSXV: RSM...
About this update from Resouro Strategic Metals Inc
[{"type":"text","content":"Resouro Strategic Metals Inc. Announces Board Approval of Amended and Restated Option PlanToronto, Ontario--(Newsfile Corp. - December 22, 2023) - Resouro Strategic Metals Inc. (TSXV: RSM) (FSE: 8TX) (\"Resouro\" or the \"Company\") announces that the board of directors of the Company have approved the adoption of a new stock option plan (the \"Amended and Restated Option Plan\") pursuant to the policies of the TSX Venture Exchange (the \"Exchange\"). The aggregate number of common shares which may be subject to issuance pursuant to options granted under the Amended and Restated Option Plan shall be 20% of the outstanding common shares of the Company as at December 15, 2023 or 14,193,752. The Amended and Restated Option Plan shall replace the Company's existing option plan, which was a \"rolling 10%\" plan.The Amended and Restated Option Plan is subject to the approval of the shareholders, along with the approval of disinterested shareholders, which shall be determined by excluding the votes of any Insiders, as such term is defined by the policies of the TSX Venture Exchange (the \"Exchange\"). The Company's shareholders will be asked to approve, among others, the Amended and Restated Option Plan at a special meeting of the shareholders to be held on January 16, 2024. The adoption of the Amended and Restated Option Plan is also subject to the final approval of the Exchange. The Exchange has conditionally accepted a proposed grant of 4,000,000 non-transferable options, pursuant to the Amended and Restated Option Plan, to purchase 4,000,000 common shares of the Company (\"Common Shares\") at an exercise price of $0.20 per Common Share during a period of five years expiring on August 2, 2028, to Mr. Christopher Eager, the President and Chief Executive Officer of the Company, subject to disinterested shareholders approval (the \"CEO Options\"). The CEO Options may not be exercised prior to the final approval of the Amended and Restated Option Plan by the Exchange. About Resouro Strategic Metals Inc.Resouro is a Canadian-based mineral exploration and development company focused on the discovery and advancement of economic mineral projects in Brazil, including the Tiros Project in Minas Gerais and the Novo Mundo and Santa Angela gold projects in Mato Grosso State. The Tiros Municipality is located approximately 317 km West-North-West ...