Business
SOURCE ROCK ROYALTIES APPOINTS NEW INDEPENDENT DIRECTOR AND GRANTS EQUITY COMPENSATION
SOURCE ROCK ROYALTIES APPOINTS NEW INDEPENDENT DIRECTOR AND GRANTS EQUITY COMPENSATION ...
About this update from Source Rock Royalties Ltd.
[{"type":"text","content":"\n \n \n \n SOURCE ROCK ROYALTIES APPOINTS NEW INDEPENDENT DIRECTOR AND GRANTS EQUITY COMPENSATION\n \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.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntaj{\nTEXT-ALIGN: JUSTIFY\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n /NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE U.S./\n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n July 20, 2023\n \n \n /CNW/ - Source Rock Royalties Ltd. (\"Source Rock\") (TSXV: SRR) (TSXV: SRR.WT), a pure-play oil and gas royalty company with an established portfolio of light oil focused royalties, announces that effective\n \n July 19, 2023\n \n , it has appointed Ms.\n \n June-Marie Innes\n \n to its board of directors and Audit Committee. Ms. Innes is replacing Source Rock's President & CEO on the Audit Committee.\n \n \n \n \n \n \n \n \n \n Ms. Innes is currently Director, Finance & Sustainability with Tamarack Valley Energy Ltd., and has held progressively senior roles since she joined the company in 2012. Ms. Innes is a Certified Professional Accountant with 17 years of finance, accounting, corporate strategy/planning and administration experience with various\n \n Calgary\n \n -based oil and gas exploration and production companies. Ms. Innes holds a Bachelor of Science from\n \n Mount Royal\n \n University and an MBA from Yale School of Management.\n \n \n \n Equity Compensation Grants\n \n \n \n Source Rock further announces that pursuant to its Restricted Share Unit and Deferred Share Unit Compensation Plan, it has granted 665,000 restricted share units (each an \"RSU\") and 292,500 deferred share units (each a \"DSU\") to officers and directors.\n \n \n Each RSU entitles the holder to acquire one common share of Source Rock, or a cash payment equal to the equivalent value of one common share of Source Rock at the time of vesting, or a combination of both. The RSU's granted shall vest one-third on each of the first, second and third anniversaries of the grant date. Each DSU represents the right to receive one common share of Source Rock, or a cash payment equal ...