Big Ridge Announces Grant of Incentive Stock Options and Share - based Compensation
Big Ridge Announces Grant of Incentive Stock Options and
Share
-
based Compensation
Toronto, Ontario
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(Newsfile Corp.
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July 2, 2024)
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Big Ridge Gold Corp. (TSXV: BRAU) (OTCQB: ALVLF) ("Big Ridge"
or the "Company") has awarded share
-
based compensation to certain officers and non
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executive directors, with
all awards effective July 1, 2024
.
Big Ridge awarded a total of 1,500,000 options to its officers under the terms of the Company's Amended and
Restated Option Plan. These options are exercisable at a price of $0.06 per share, expire on July 1, 2029, and vest
in equal tranches on July 1, 202
4, 2025, and 2026. In addition, Big Ridge awarded a total of 150,000 Restricted
Share Units ("RSUs") to its officers under the terms of the Company's Amended and Restated Restricted Share
Unit Plan. These RSUs vest in equal tranches on July 1, 2025, 2026,
and 2027.
Finally, Big Ridge awarded a total of 1,800,000 Deferred Share Units ("DSUs") to its directors under the terms of the
Company's cash
-
based DSU Plan. These DSUs vested with immediate effect.
About Big Ridge
Big Ridge is an exploration and development company managed by a disciplined and experienced team of officers
and directors. The Company is committed to the development of advanced stage mining projects using industry
best practices combined with strong so
cial license from our local communities. Big Ridge is the operator of the
Hope Brook Gold Project located in Newfoundland and Labrador. The company currently owns 80% of the Hope
Brook Gold Project. In addition, Big Ridge owns a 100% interest in the highly
prospective Oxford Gold Project
located in Manitoba and the Destiny Gold Project in Quebec.
Acknowledgement
Big Ridge acknowledges and appreciates the Newfoundland and Labrador Ministry of Natural Resources' financial
support of the Company's 2023 exploration programs through the Junior Exploration Assistance (JEA) Program.
For more details regarding the Company's projects, please visit our website at
www.bigridgegold.com
.
ON BEHALF OF THE BOARD,
Mike Bandrowski,
President & CEO
BIG RIDGE GOLD CORP.
18 King St. East, Suite 1400 Toronto, ON, M5C 1C4
Tel: 416
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540
-
5480
Email:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the
TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward
-
Looking Statements
This news release includes certain "forward
-
looking information" and "forward
-
looking statements" (collectively
"forward
-
looking statements") within the meaning of applicable Canadian securities legislation. These forward
-
looking statements are made as of
the date of this news release. Forward
-
looking statements are frequently, but
not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends",
"estimates", "envisages", "potential", "possible", "strategy", "goa
ls", "objectives", or variations thereof or stating
that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or
the negative of any of these terms and similar expressions.
Forward
-
looking statements in this news release relate to future events or future performance and reflect current
estimates, predictions, expectations or beliefs regarding future events, and include, without limitation,
statements with respect to Big Ridge
's intentions with respect to Caprock's shares. All forward
-
looking statements
are based on Big Ridge's and its employees' current beliefs as well as various assumptions made by them and
information currently available to them. There can be no assurance th
at such statements will prove to be
accurate, and actual results and future events could differ materially from those anticipated in such statements.
Forward
-
looking statements reflect the beliefs, opinions and projections on the date the statements are ma
de and
are based upon a number of assumptions and estimates that, while considered reasonable by the respective
parties, are inherently subject to significant business, economic, competitive, political and social uncertainties
and contingencies. Many facto
rs, both known and unknown, could cause actual results, performance or
achievements to be materially different from the results, performance or achievements that are or may be
expressed or implied by such forward
-
looking statements and the parties have mad
e assumptions and estimates
based on or related to many of these factors. When relying on our forward
-
looking statements to make decisions
with respect to Big Ridge, investors and others should carefully consider the foregoing factors and other
uncertainti
es and potential events. Big Ridge does not undertake to update any forward
-
looking statement,
whether written or oral, that may be made from time to time by the Company or on our behalf, except as required
by law.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/215218