Big Ridge Gold Corp. Announces Results of Voting and Details of Equity Compensation Plans
Big Ridge Gold Corp. Announces Results of
Voting and Details of Equity Compensation
Plans
Toronto, Ontario--(Newsfile Corp. - December 23, 2022) - Big Ridge Gold Corp. (TSXV: BRAU)
(OTCQB: ALVLF) ("
Big Ridge
" or the "Company") is pleased to announce that at its annual and special
meeting of shareholders held on December 22, 2022 its shareholders approved all of the resolutions
proposed at the meeting, including the re-appointment of the Company's six directors (Nick Tintor, Mike
Bandrowski, William Williams, Kristina Bates, Richard J. Mazur and James Maxwell), the re-appointment
of the Company's auditors and the approval of the Company's amended and restated stock option plan
(the "Amended SOP"), amended and restated restricted share unit plan (the "Amended RSU Plan") and
the newly constituted equity-based deferred share unit plan (the "Equity DSU Plan" and together with the
Amended SOP and the Amended RSU Plan, the "Equity Compensation Plans").
The Amended SOP is effective as of December 22, 2022 and amends and restates the stock option
plan that was approved by the Company's shareholders at its December 14, 2021 meeting of
shareholders. Stock options may be issued under the Amended SOP to bona fide directors, officers,
employees, management company employees, consultants or company consultants of the Company.
The Amended SOP is a fixed plan with a maximum of 15,839,712 common shares reserved for
issuance thereunder, which includes 5,838,712 common shares already reserved for issuance in
connection with stock options granted under the predecessor stock option plan. In the event a stock
option expires unexercised, the common shares that were issuable thereunder will be added back to the
maximum total under the Amended SOP.
The Amended RSU Plan is effective as of December 22, 2022 and amends and restates the restricted
share unit plan that was approved by the Company's shareholders at its December 14, 2021 meeting of
shareholders. Restricted share units ("RSUs") may be issued under the Amended RSU Plan to eligible
employees, directors, officers and consultants of the Company. The Amended RSU Plan is a fixed plan
and the maximum number of common shares that may be issued under the Amended RSU Plan and the
Equity DSU Plan is 4,385,000 common shares, including 385,000 common shares reserved for RSUs
issued under the predecessor RSU plan. In the event an RSU or a deferred share unit ("DSU") expires
without settling or if an RSU or DSU settles in cash, the common shares that were issuable thereunder
will be added back to the foregoing maximum total.
The Equity DSU Plan is effective as of December 22, 2022. DSUs may be issued under the Equity DSU
Plan to eligible directors and officers of the Company. The Equity DSU Plan is a fixed plan and the
shared number of common shares that may be issued under the Equity DSU Plan and the Amended
RSU Plan is 4,385,000 common shares, including 385,000 common shares reserved for RSUs issued
under the predecessor RSU plan. In the event a DSU or an RSU expires without settling or if an RSU or
DSU settles in cash, the common shares that were issuable thereunder will be added back to the
foregoing maximum total.
Each of the Equity Compensation Plans includes various restrictions and limitations in accordance with
Policy 4.4 of the TSX Venture Exchange ("TSXV"). In addition, no RSUs or DSUs issued under the
Equity Compensation Plans may vest before the date that is one year following the date of grant, subject
to certain exceptions as set out in TSXV Policy 4.4. Each of the Equity Compensation Plans is subject to
the final approval of the TSXV. For a more detailed summary of the terms and conditions of each of the
Equity Compensation Plans, please see the Company's management information circular dated
November 15, 2022 which is available on SEDAR, which also includes full copies of each of the Equity
Compensation Plans.
About Big Ridge Gold Corp.
Big Ridge Gold Corp. 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 social license from our local
communities. Big Ridge owns a 100% interest in the highly prospective Oxford Gold Project located in
Manitoba and the Destiny Gold Project in Quebec. Big Ridge is the operator of the Hope Brook Gold
Project located in Newfoundland and Labrador.
For more detail regarding the Company's projects, please visit our website at
www.bigridgegold.com
.
ON BEHALF OF THE BOARD,
Mike Bandrowski
President and CEO
For further information, please visit
www.sedar.com
or contact:
Mike Bandrowski
President and CEO
BIG RIDGE GOLD CORP.
1400 - 18 King Street East
Toronto, ON M5C 1C4
Tel: 416-540-5480
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",
"goals", "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 that 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 made 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 factors, 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 made
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 uncertainties 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/149335