Business
Roscan Announces RSU/DSU Plan and New Stock Option Plan
Toronto, Ontario--(Newsfile Corp. - February 24, 2020) - Roscan Gold Corporation (TSXV: R...
About this update from Roscan Gold Corporation
[{"type":"text","content":"Roscan Announces RSU/DSU Plan and New Stock Option PlanToronto, Ontario--(Newsfile Corp. - February 24, 2020) - Roscan Gold Corporation (TSXV: ROS) (the \"Company\") announces that the board of directors of the Company adopted a restricted share units and deferred share units (collectively \"RSUs/DSUs\") plan (the \"RSU/DSU Plan\") and a new stock option plan (the \"2020 Stock Option Plan\"). The maximum number of RSUs/DSUs issuable under the RSU/DSU Plan together with the number of stock options issuable under the 2020 Stock Option Plan may not exceed 10% of the number of issued and outstanding common shares of the Company as at the date of a grant under the RSU/DSU Plan or the 2020 Stock Option Plan, as the case may be. Based on the number of common shares currently outstanding, an aggregate of 16,897,236 RSUs/DSUs and/or options can be granted pursuant to the RSU/DSU Plan and/or the 2020 Stock Option Plan. The Company currently has 16,600,000 options outstanding, leaving 237,236 RSUs/DSUs and/or options available for grant. The RSU/DSU Plan and the 2020 Stock Option plan have been conditionally approved by the TSX Venture Exchange and remain subject to disinterested shareholder approval at the next annual and special meeting of the shareholders of the Company to be held on March 26, 2020 (the \"Shareholders' Meeting\"). Further details regarding the RSU/DSU Plan and the 2020 Stock Option Plan will be included in the management information circular of the Company which will be sent to shareholders and filed on SEDAR in connection with the Shareholders' Meeting. ABOUT ROSCAN Roscan Gold Corporation is a Canadian gold exploration company focused on the acquisition and exploration of gold properties in West Africa. The Company has assembled a significant land position of 100%-owned permits in an area of producing gold mines (including B2 Gold's Fekola Mine which lies in a contiguous property to the west of Kandiole), and major gold deposits, located both north and south of its Kandiole Project in west Mali. For further information, please contact:Nana SangmuahPresident and Chief Executive OfficerTel: (902) 832-5555Email: [email protected] Looking Statements This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as \"pla...