Premium Nickel Resources Ltd. Announces Grants of Stock Options
Premium Nickel Resources Ltd. Announces
Grants of Stock Options
Toronto, Ontario--(Newsfile Corp. - August 9, 2023) -
Premium Nickel Resources Ltd. (TSXV: PNRL)
("PNRL" or the "Company")
announces that, effective August 8, 2023, it has granted to certain
directors, officers, employees and/or consultants of the Company and/or its subsidiaries an aggregate of
3,783,277 stock options of the Company ("
Options
") pursuant to the stock option plan of the Company,
which includes an aggregate of 725,000 Options issued to Peter Rawlins, the newly-appointed Senior
Vice-President and Chief Financial Officer of the Company. See news release of the Company dated
August 8, 2023 entitled
"Premium Nickel Resources Ltd. Announces Management and Board
Changes"
.
The Options granted to Mr. Rawlins include a one-time grant of 600,000 Options plus an
additional 125,000 Options granted to Mr. Rawlins as part of his
pro-rated
annual compensation for
2023 (assuming a September 1, 2023 start date).
The Options have an exercise price of $1.75 per share and a five-year term from the date of grant, and
vest annually in equal thirds beginning on the first anniversary of the date of grant.
About Premium Nickel Resources Ltd.
PNRL is a mineral exploration and development company that is focused on the redevelopment of the
previously producing nickel, copper and cobalt resources mines owned by the Company in the Republic
of Botswana. We are driven by our belief that the demand for these metals will continue to grow in the
medium to long term, as a result of global urbanization and the increasing adoption of electric motors
over internal combustion engines. These metals are vital for achieving a low-carbon future.
PNRL is committed to governance through transparent accountability and open communication within
our team and our stakeholders. Our skilled team has worked over 100 projects collectively, accumulating
over 400 years of resource discoveries, mine development and mine re-engineering experience on
projects like the Company's Selebi and Selkirk mines. PNRL's senior team members have on average
more than 20 years of experience in every single aspect of mine discovery and development, from
geology to operations.
ON BEHALF OF THE BOARD OF DIRECTORS
Keith Morrison
Chairman of the Board and Chief Executive Officer
Premium Nickel Resources Ltd.
For further information about Premium Nickel Resources Ltd., please contact:
Jaclyn Ruptash
Vice President, Communications and Government and Investor Relations
+1 (604) 770-4334
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 news release.
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https://www.newsfilecorp.com/release/176584