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10:10:54 EDT Wed 14 May 2025
Enter Symbol
or Name
USA
CA



Kermode Resources Ltd
Symbol KLM
Shares Issued 119,630,170
Close 2022-11-29 C$ 0.01
Market Cap C$ 1,196,302
Recent Sedar Documents

Kermode grants three million PSUs to consultants

2022-11-29 18:30 ET - News Release

Bell Subject: News release to publish $KLM (Issues 3M PSU Performance Share Units) PDF Document File: Attachment 2022-11-29-PSU news release 3M Units.pdf Kermode grants Performance Share Units to Consultants Victoria, British Columbia November 29, 2022 Kermode Resources Ltd. (TSXV: KLM) (the "Company" or "Kermode") grants Performance Share Units ("Units") to consultants. The Units vest after one year and have a term of three years to expiry from the effective date, today. The Units have been granted in accordance with the Company's security-based compensation plan. The Units entitle the consultant to receive payment in cash or shares of an amount equal to the closing market price on the day immediately prior to the last day of the applicable Performance Period multiplied by the applicable multiplier, to be determined on the last day of the Performance Period. The timing of the Performance Period for any Units that may be exercised is at the sole discretion of the Board of Directors. After the Units have vested, some may be exercised on some dates and others on different dates at the sole discretion of the Board to allow for multiple Performance Periods to exercise different tranches of Units. The Board is not obligated to exercise any number of the Units at any time unless it so decides. At the sole discretion of the Board of Directors, the form of payment for any Units shall be determined upon exercise. The amount of shares are subject to certain restrictions; for instance, the consultant shall not receive more than 2% of the shares of Kermode in any 12 month period as per the plan and TSXV policy. The multiplier shall be set at the sole discretion of the Board of Directors at the time of exercise with a maximum value of ten-to-one (10:1). Kermode grants one million 3,000,000 units to the consultants. About Kermode Kermode is a junior mining company hunting for exploration opportunities around the world. On Behalf of the Board of Directors, KERMODE RESOURCES LTD "Peter Bell" President/CEO Tel: 1-250-588-6939 Email: peterbellmining@gmail.com Website: https://linktr.ee/kermoderesources Neither the TSX Venture Exchange nor its Regulation Services Provider accept responsibility for the adequacy or accuracy of this release.

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