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AGMR ANNOUNCES CERTAIN DIRECTORS TO RECEIVE SHARES IN LIEU OF FEES
AGMR ANNOUNCES CERTAIN DIRECTORS TO RECEIVE SHARES IN LIEU OF FEES Canada NewsWire ...
About this update from Silver Mountain Resources, Inc. Class A
[{"type":"text","content":"\n\n\nAGMR ANNOUNCES CERTAIN DIRECTORS TO RECEIVE SHARES IN LIEU OF FEES\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\nCanada NewsWire\n\n\n\nNOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN OR INTO THE UNITED STATES\nThis press release reflects information effective January 30, 2026.\nTORONTO, Feb. 5, 2026 /CNW/ - Silver Mountain Resources Inc. (TSXV: AGMR) (OTCQB: AGMRF) (BVL: AGMR) (\"Silver Mountain\" or the \"Company\") announces that it has approved certain share compensation arrangements (the \"Compensation Arrangements\"), pursuant to which, certain directors of the Company will ‎receive all or a portion of their director fees for the period from July 1, 2025, to ‎June 30, 2026 in class A common shares (\"Common Shares\") of the Company (the \"Security Based Compensation\"), with the remaining amount, if any, to be ‎satisfied in cash.‎\nThe Common Shares are expected to be issued quarterly and be subject to a four-month and one-day hold ‎period commencing ‎upon the date of issuance. Under the Compensation Arrangements, the ‎deemed price per Common Share to be ‎issued will be the volume-weighted average closing price of the Common Shares for the last ‎five trading days of each quarter, provided that in any event the price will not be lower than the discount permitted ‎‎under applicable TSX Venture Exchange policies. The total value of the Security Based Compensation that the ‎Company intends to issue is up to USD$210,908. As the directors are Non-Arm's Length Parties to the Company (as that term is defined in the TSXV policies), the issuance of the Security Based Compensation is subject to the approval by the majority of the votes cast by disinterested shareholders at a meeting of shareholders of the Company, which was obtained at the Company's annual general and special meeting held on June 24, 2025.\nTimothy Loftsgard, Jose Vizquerra, W. John DeCooman Jr., Juan Carlos Ortiz and Gerardo Fernandez &#x...