Crystal Peak Minerals Inc. Announces Grant of Share Options and Restricted Share Units
Crystal Peak Minerals Inc. Announces Grant of Share Options and Restricted
Share Units
TORONTO, Nov. 01, 2019 -- Crystal Peak Minerals Inc. (Crystal Peak or the Company) (TSXV: CPM, OTCQX: CPMMF)
announced today that it has granted options to purchase common shares of the Company ( Options) to certain officers,
employees, and contractors; and has issued Restricted Share Units ( RSUs) to certain employees and contractors.
Crystal Peak granted an aggregate of 775,000 options to certain officers of the Company; an aggregate of 250,000 options to
certain employees of the Company; and an aggregate of 278,400 options to contractors for the Company. The Company
granted an aggregate of 1,250,000 RSUs to certain employees of the Company; and an aggregate of 90,000 RSUs to certain
contractors of the Company.
All options are exercisable over a period of five years at a price of C$0.13 per common share and shall vest in three equal
annual installments on the first, second, and third anniversaries of the Option grant. The RSU grants shall vest in three equal
annual installments on the first, second, and third anniversaries of the RSU grants.
The options are granted pursuant to the Company's share option plan, which was reapproved by shareholders at an annual and
special meeting of shareholders held on June 4, 2019. The RSUs are granted pursuant to the Company's Restricted Share
Units plan, which was approved by shareholders at an annual and special meeting of shareholders held on June 20, 2017.
About Crystal Peak Minerals Inc.
Crystal Peak is focused on the production of premium-priced specialty fertilizers. The Company controls mineral leases on
more than 124,000 acres on the Sevier Playa in Millard County, Utah and received the Record of Decision in August 2019 from
the U.S. Department of the Interior for its Sevier Playa Project, which is necessary to construct and operate the project. With
a brine mineral resource known to contain potassium, magnesium, sulfate, and other beneficial minerals, Crystal Peak is
targeting the production of specialty fertilizers and associated products through the use of a low-cost brine extraction and solar
evaporation process. Sulfate of Potash (SOP) and other specialty fertilizers are used in the production of high value, chloride-
sensitive crops such as tree nuts, fruits, and vegetables.
For further information, please contact:
Woods Silleroy
Corporate Secretary
(801) 485-0223
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Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.