Vulcan Minerals Announces Approval of New Stock Option Plan by Shareholders
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Vulcan Minerals Announces Approval of
New Stock Option Plan by Shareholders
St. John’s, Newfoundland and Labrador – November 22, 2022 – Vulcan Minerals Inc . (TSX-V: VUL)
(“Vulcan” or the “Company”) announces that its shareholders have approved all resolutions, including the
Company’s 2022 rolling stock option plan at the annual meeting of shareholders held on November 10,
2022.
The principal amendments to the new stock option plan ensure compliance with the revised Policy 4.4 of
the TSX Venture Exchange (“TSXV”) and include: (i) that share capital adjustments are subject to the prior
approval of the TSXV , except where they relate to share consolidations or splits ; and (ii) disinterested
shareholder approval is required for any extension to stock options granted to individuals that are insiders
at the time of the proposed amendment.
The maximum number of common shares which may be issued under the stock option plan is 10% of the
Corporation’s issued and outstanding share capital at the date of grant. The stock option plan has a “rolling”
limit, as the number of common shares reserved for issuance pursuant to the grant of stock options will
automatically increase as the Company’s issued and outstanding share capital increases. The limit includes
outstanding stock options previously granted.
About Vulcan Minerals
Vulcan Minerals is a precious and base metals exploration company based in St. John's, with strategic land
positions in multiple active Newfoundland gold exploration and development belts. The Company has
leveraged its exploration exposure in most of this land position through equity ownership of other explorers
obtained by way of option and royalty agreements. It also holds approximately 33 per cent of the shares in
Atlas Salt Inc. (TSXV: SALT). Atlas Salt is carrying out a feasibility analysis on its Great A tlantic salt
deposit in western Newfoundland strategically located in the robust road de-icing market of eastern North
America.
For information please contact:
Patrick J. Laracy, President
(709) 754-3186
www.vulcanminerals.com
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.