Metalex Announces Grant of Deferred Share Units
METALEX ANNOUNCES GRANT OF
DEFERRED SHARE UNITS
KELOWNA, BC
,
May 25, 2023
/CNW/ -
Metalex Ventures Ltd
. (TSXV: MTX) (the "
Company
")
announces that it has granted an aggregate of 312,500 deferred share units ("
DSUs
") to two
independent directors at a deemed price of
$0.048
per DSU. The DSUs were granted in
consideration for services provided by the directors for the quarter ended
April 30, 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/May2023/25/c1791.html
%SEDAR: 00008159E
For further information:
Chad Ulansky, President & CEO, 250-860-8599,
CO: Metalex Ventures Ltd.
CNW 16:45e 25-MAY-23