Sun Summit Announces Adoption of RSU Plan
Sun Summit Announces Adoption of RSU Plan
Vancouver, British Columbia--(Newsfile Corp. - June 24, 2024) - Sun Summit Minerals Corp. (TSXV:
SMN) (OTCQB: SMREF) (the "
Company
" or "
Sun Summit
") is pleased to announce that it has
adopted a new restricted share unit plan (the "
RSU Plan
") that was approved by the shareholders of the
Company at its annual general and special meeting held on June 21, 2024. Restricted share units
("
RSUs
") may be granted to any employee, director or consultant of the Company or its subsidiaries,
other than persons conducting investor relations activities, from time to time by the board of directors of
the Company, subject to the limitations set forth in the RSU Plan. The maximum number of common
shares of the Company reserved for issuance under the RSU Plan is 6,220,056 common shares of the
Company, subject to adjustment in accordance with the terms of the RSU Plan. The RSU Plan is subject
to the final acceptance of the TSX Venture Exchange.
About Sun Summit
Sun Summit Minerals (TSXV: SMN) (OTCQB: SMREF) is a mineral exploration company focused on
expansion and discovery of district scale gold and copper assets in British Columbia. The Company's
diverse portfolio includes the JD Project in the Toodoggone region of north-central B.C. and the Buck
Project in central B.C.
Sun Summit is committed to environmental and social responsibility, with a focus on accountable
development and building respectful and beneficial relationships with Indigenous and local communities.
Further details are available at
www.sunsummitminerals.com
.
On behalf of the board of directors
Brian Lock
Executive Chairman
For further information, contact:
Sharyn Alexander
President
Matthew Benedetto
Simone Capital
Tel. 416-817-1226
Forward Looking Information
Statements contained in this news release that are not historical facts may be forward-looking
statements, which involve risks, uncertainties and other factors that could cause actual results to differ
materially from those expressed or implied by such forward-looking statements. In addition, the forward-
looking statements require management to make assumptions and are subject to inherent risks and
uncertainties. There is significant risk that the forward-looking statements will not prove to be accurate,
that the management's assumptions may not be correct and that actual results may differ materially from
such forward-looking statements. Accordingly, readers should not place undue reliance on the forward-
looking statements. Generally forward-looking statements can be identified by the use of terminology
such as "anticipate", "will", "expect", "may", "continue", "could", "estimate", "forecast", "plan", "potential"
and similar expressions. Forward-looking statements contained in this press release may include, but
are not limited to, obtaining final regulatory approval for the RSU Plan. These forward-looking statements
are based on a number of assumptions which may prove to be incorrect which, without limiting the
generality of the following, the inability of the Company to obtain the receipt of regulatory approval. The
forward-looking statements contained in this press release are made as of the date hereof or the dates
specifically referenced in this press release, where applicable. Except as required by applicable
securities laws and regulation, Sun Summit disclaims any intention or obligation to update or revise any
forward-looking statement, whether as a result of new information, future events or otherwise, except as
required by applicable securities laws. All forward-looking statements contained in this press release
are expressly qualified by this cautionary statement.
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.
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