Metalex Announces Grant of Deferred Share Units
METALEX ANNOUNCES GRANT OF
DEFERRED SHARE UNITS
KELOWNA, BC
,
Feb. 15, 2023
/CNW/ -
Metalex Ventures Ltd
. (TSXV: MTX) (the "
Company
")
announces that it has granted an aggregate of 1,000,000 deferred share units (the "
DSUs
") to two
independent directors at a deemed price of
$0.06
per DSU. The DSUs were granted in
consideration for services provided by the directors for the quarters ended
April 30, 2022
,
July 31,
2022
,
October 31, 2022
and
January 31, 2023
. The DSUs were granted under the Company's
Deferred Share Unit Plan adopted on
October 11, 2022
. The DSUs vest one year from the date of
grant, subject to certain exceptions, and each DSU entitles the holder to receive one share of the
Company, or in certain circumstances a cash payment equal to the value of one share of the
Company, at the time the holder ceases to be a director of the Company.
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/February2023/15/c4250.html
%SEDAR: 00008159E
For further information:
Chad Ulansky, President & CEO, 250-860-8599,
CO: Metalex Ventures Ltd.
CNW 18:29e 15-FEB-23