Mms news!4 Dec 2018 13:42
Symbol: TSX-V: MMS
December 4, 2018 For Immediate Dissemination
MACARTHUR MINERALS GRANTS SHARE BASED COMPENSATION
Macarthur Minerals Limited (TSX-V: MMS) (the “Company” or “Macarthur Minerals”), pursuant to the Company’s Share Compensation Plans (“Plans”), the Board of Directors of the Company has granted an aggregate of 1,620,000 stock options (“Options”) to acquire common shares of the Company pursuant to the Plans. Of which 1,000,000 were granted to a director of the Company, and the remaining options granted to employees. The Options have an exercise price of $0.05, which is the Minimum Market Price. The Options vest immediately, and expire three years from the date of grant.
The Board of Directors of the Company has also approved a resolution to grant an aggregate of 8,500,000 restricted share units (“RSUs”) to acquire common shares of the Company pursuant to the Plans, of which 4,000,000 were granted to directors of the Company, and the remaining RSUs were granted to employees and consultants. The RSUs vest in the event that the closing share price of the Company’s shares on the TSX Venture Exchange is greater than C$0.08 for 20 consecutive trading days.
The Options and RSUs are being issued under the terms of the Company’s Share Compensation Plans which were approved by shareholders at the Company’s Annual General Meeting on 31 August 2018.
ABOUT MACARTHUR MINERALS LIMITED (TSX-V: MMS)
Macarthur Minerals Limited is an exploration company that is focused on identifying high grade gold, nickel, cobalt and lithium. Macarthur Minerals has significant gold, lithium, nickel, cobalt and iron ore exploration interests in Australia. Macarthur Minerals has three iron ore projects in Western Australia; the Ularring hematite project, the Moonshine magnetite project and the Treppo Grande iron ore project. In addition, Macarthur Minerals has significant lithium brine interests in the Railroad Valley, Nevada, USA.
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