"This week marks our first anniversary for what has been an outstanding year as a public company. At our founding, each member of our management team elected to receive a portion of their salary in equity, and this year we are pleased to offer a Salary Equity Incentive Program to all employees. All of the Company's senior management have elected to maximize their participation in this program. As CEO, I will participate to the maximum extent by again taking one-third of my salary in equity. In addition, I have extended the redemption date of my 2020 RSUs by one year. Our team is looking forward to an equally exciting 2021."
The Company is also pleased to announce that it has implemented a salary investment incentive program (the "Salary Incentive Program") under which employees and key consultants may elect to receive up to 33% of their base annual compensation in equity as share-settled RSUs based on a share price value of
In addition, the Company has implemented an RSU rollover arrangement under which holders of RSUs granted in
Finally, the Company has agreed to issue a total of 135,000 common shares in settlement of
About
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation. Forward looking information includes, but is not limited to, future exploration and development results, and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact of COVID-19 related disruptions in relation to the Company's business operations including upon its employees, suppliers, facilities and other stakeholders. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof.
SOURCE
© Canada Newswire, source