Metalex Announces Adoption of New Deferred Share Unit Plan
METALEX ANNOUNCES ADOPTION OF NEW
DEFERRED SHARE UNIT PLAN
KELOWNA, BC
,
Jan. 13, 2023
/CNW/ -
Metalex Ventures Ltd
. (TSXV: MTX) (the "
Company
")
announces that it received shareholder approval at the Company's
November 24, 2022
annual
general meeting, a new deferred share unit plan for non-employee directors (the "DSU Plan"). The
DSU Plan provides for the grant of deferred share units to non-employee directors. A maximum of
10% of the outstanding common shares of the Company, less any shares set aside under the
Company's other share based compensation arrangements including option grants under the
Company's existing stock option plan, may be set aside for grants under the DSU Plan. The DSU
Plan has been conditionally approved by the TSX Venture Exchange.
Additional details regarding the DSU Plan and the increase of maximum number of Common Shares
that may be reserved under all of the Company's share based compensation arrangements are
available in the management prepared information circular filed under the Company's profile at
www.sedar.com
.
Neither 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.
SOURCE
Metalex Ventures Ltd.
View original content:
http://www.newswire.ca/en/releases/archive/January2023/13/c0472.html
%SEDAR: 00008159E
For further information:
Chad Ulansky, President & CEO, 250-860-8599,
CO: Metalex Ventures Ltd.
CNW 18:42e 13-JAN-23