Sandfire Resources America Inc. Announces Incentive Plan Grants
17 E Main Street
PO Box 431
White Sulphur Springs, MT 59645
Tel: (406) 547-3466
Fax: (406) 547-3719
Web: www.sandfireamerica.com
Email: [email protected]
Sandfire Resources America Inc. Announces Incentive Plan Grants
White Sulphur Springs, Montana – October 2, 2024 – Sandfire Resources America Inc.
(“Sandfire America” or the “Company”) announces the grant of a total of 1,774,306
restricted share units (“RSUs”) to certain officers of the Company in accordance with the
Company’s long-term incentive plan. Once vested each RSU entitles the holder thereof to
receive either one common share of the Company, the cash equivalent of one common share
or a combination of cash and common shares, as determined by the Company, net of
applicable withholdings. The RSUs will vest in three equal tranches, on July 1, 2025, 2026
and 2027.
The Company has also granted an aggregate 1,774,306 performance share units ("PSUs") to
certain officers of the Company. T he PSUs granted to officers will vest upon the
achievement of certain key performance indicators as determined by the Board, vesting not
before two years after the grant date. Once vested, each PSU entitles the holder thereof to
receive either one common share of the Company, the cash equivalent of one common share
or a combination of cash and common shares, as determined by the Company, net of
applicable withholdings. The PSUs will vest in two equal tranches, on July 1, 2026 and 2027.
Following the above-noted grants, there are 3,548,612 shares issuable on settlement of all
outstanding RSUs and PSUs. For further information regarding the Plan, readers are
encouraged to review the management information circular prepared for the Company's
annual general meeting of shareholders which w as held on November 16, 2023, which
includes a copy of the Plan, and is available under the Company's profile on SEDAR+ and
by visiting the Company's website.
The grant of the RSUs and PSUs is subject to the approval of the TSX Venture Exchange.
Contact Information:
Sandfire Resources America Inc.
Nancy Schlepp,
VP of Communications
Mobile: 406-224-8180
Office: 406-547-3466
Email: [email protected]
Cautionary Note Regarding Forward-Looking Statements: Certain disclosures in this
document constitute "forward looking information" within the meaning of Canadian
securities legislation, including statements regarding the Agreement, the Company's
financing options and expected outcomes. In making these forward-looking statements, the
Company has applied certain factors and assumptions that the Company believes are
reasonable, including that the Company will receive required regulatory approvals, and
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that the Company will be able to secure additional funding to execute its plans, However,
the forward-looking statements in this document are subject to numerous risks,
uncertainties and other factors, including delays in obtaining or inability to obtain
required government or other regulatory approvals or financing. 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. Readers are
cautioned not to place undue reliance on forward-looking statements. The Company does
not intend, and expressly disclaims any intention or obligation to, update or revise any
forward-looking statements whether as a result of new information, future events or
otherwise, except as required by law.
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.