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Stria Lithium Announces Amendments to Stock Option Plan and Seeks Shareholder Approval for Grants
(TheNewswire) Ottawa, ON - TheNewswire - March 02, 2023 - Stria Lithium Inc...
About this update from Stria Lithium Inc.
[{"type":"text","content":"Stria Lithium Announces Amendments to Stock Option Plan and Seeks Shareholder Approval for Grants\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 \n \n \n \n \n \n Ottawa, ON -\n \n \n TheNewswire\n-\n \n \n March 02, 2023 -\n \n \n Stria Lithium\nInc.\n \n \n (“Stria” of the\n“Company”) (TSX.V:SRA) is pleased to announce that its board of\ndirectors have approved amendments to its 20% fixed stock option plan\n(the “Plan”).\n \n \n \n \n \n \n \n \n The Plan amends and restates the previously existing stock\noption plan of the Company to increase the number of security-based\nawards issuable under the plan from 3,242,207 to 5,064,207 and to\npermit the issuance of Restricted Share Units (“\n \n \n RSUs\n \n \n ”).\n \n \n \n \n The incorporation of RSUs as a new security-based\ncompensation plan adopted by the Company is included as part of the\nPlan. The number of RSUs and options issuable under the plan\ncollectively will not exceed 5,064,207.‎\n \n \n \n \n Further details regarding the Plan, including a copy of\nthe Plan, are included in the management information circular of the\nCompany which will be sent to shareholders of the Company in\nconnection with the annual and special Shareholders Meeting to be held\nMarch 17, 2023 (the “\n \n \n Meeting\n \n \n ”) and which was filed and is\navailable under the Company's profile on SEDAR at\nwww.sedar.com.\n \n \n The Plan is subject to TSX-V and\nshareholder approval.\n \n \n \n \n At the Meeting Disinterested Shareholders (defined\nbelow) will also be asked to approve three grants of Options to\ninsiders that exceeded limits prescribed by the Plan and TSX-V Policy\n4.4 –\n \n \n Security Based\nCompensation\n \n \n :\n \n \n \n \n \n \n On August 24, 2022, the Company announced that\n2,195,000 stock options had been granted to the Company’s directors,\nofficers, and consultants at an exercise price of $0.17, of which\n1,700,000 options were issued to insiders as a group (the\n“\n \n \n August 24 Insider\nGrants\n \n \n ”) including 750,000 options granted to\nJeffrey York, Chairman of the Board, and 750,000 options granted to\nDean Hanisch, President and CEO (the “\n \n \n August 24 Individual Gr...