Mr. Dev Randhawa reports
F3 ANNOUNCES STOCK OPTION AND RSU GRANT
F3 Uranium Corp. has granted a total of 12,765,000 incentive stock options to purchase common shares of the company to certain directors, officers, consultants and employees of the company pursuant to the company's long-term incentive plan. Each option is exercisable into one common share at an exercise price of 41 cents per common share for a period of five years from the date of grant. The options shall vest as to one-third on the date of grant and one-sixth every seven months thereafter. All of the options expire on Dec. 15, 2028.
Additionally, the company has issued a total of 12.59 million restricted share units to certain directors and officers of the company in accordance with the LTIP. Each RSU entitles the holder to acquire one common share on vesting. The RSUs will vest over a three-year period beginning on the one-year anniversary of the grant date.
The grant of the options and RSUs is subject to the approval of the TSX Venture Exchange.
About F3 Uranium Corp.
F3 Uranium is advancing the newly discovered high-grade JR zone on the PLN property in the western Athabasca basin. This area of Saskatchewan is poised to become a major uranium-producing region, and is home to large deposits, including Triple R, Arrow and Shea Creek. F3 Uranium currently holds 18 projects across the Athabasca basin.
We seek Safe Harbor.
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