South Atlantic Gold Inc. Grants Options, RSUs & DSUs

About this update from South Atlantic Gold, Inc.

[{"type":"text","content":"South Atlantic Gold Inc. Grants Options, RSUs & DSUs\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Kelowna,\nB\n \n \n \n \n C\n \n \n \n \n -\n \n \n \n \n TheNewswire -\n \n \n \n \n May 11\n \n \n \n \n , 2023 -\n \n \n \n \n South Atlantic Gold\nInc.\n \n \n \n \n (TSX-V:SAO)\n \n \n \n (“\n \n \n \n South Atlantic”\n \n \n \n or the “\n \n \n \n Company”\n \n \n \n )\n \n \n announces that, in accordance with its Option Plan\n(“\n \n \n Plan\n \n \n ”) and Long-Term Incentive Plan (“\n \n \n LTIP\n \n \n ”) the Company\nhas granted an aggregate 1,810,000 stock options (\"\n \n \n Options\n \n \n \"),\n180,000 restricted share units (\"\n \n \n RSUs\n \n \n \") and an\naggregate 2,360,000 deferred share units (\"\n \n \n DSU\n \n \n s\") to\ncertain directors, officers, employees and consultants of the Company\nsubject to regulatory acceptance.\n \n \n The grants are\npursuant to the Company's Plan and LTIP that were approved by\nshareholders on December 6, 2022.\n \n \n \n \n The Options are exercisable at $0.05 per share for a\nperiod of five years.\n \n \n The DSUs and RSUs are\ngoverned by the Company’s LTIP and will be subject to applicable\nsecurities law hold periods.\n \n \n \n \n ON BEHALF OF THE BOARD\n \n \n \n \n Douglas Meirelles, President and CEO\n \n \n \n \n For more information regarding this\nnews release, please contact:\n \n \n \n \n Douglas Meirelles, President and CEO\n \n \n \n \n T: 250-762-5777\n \n \n \n \n Email: [email protected]\n \n \n \n \n Cautionary Note\nRegarding Forward-Looking Information\n \n \n \n \n This news release contains\nstatements that constitute \"forward-looking\nInformation\",\n \n \n as such\nterm is used in applicable Canadian securities laws\n \n \n .  Such forward-looking information\ninvolves known and unknown risks, uncertainties and other factors that\nmay cause the Company’s actual results, performance or achievements,\nor developments in the industry to differ materially from the\nanticipated results, performance or achievements expressed or implied\nby such forward-looking information. Forward-looking information\nincludes statements that are not historical facts and are generally,\nbut not always, identified by...

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