Mr. Tim McNulty
MAX RESOURCE ADOPTS OMNIBUS EQUITY INCENTIVE COMPENSATION PLAN
Max Resource Corp.'s board of directors has approved the adoption of an omnibus equity incentive compensation plan, whereby the company may issue up to four million performance share units (PSUs) to eligible directors and officers of the company and up to 10 per cent of its issued share capital, less any PSUs outstanding, in stock options to eligible directors, officers, consultants and employees of the company. The omnibus plan will replace the company's existing stock option plan, which was approved by shareholders at the company's annual general meeting held Oct. 25, 2021. The omnibus plan was adopted by the company to provide incentives to its executives to better align interests with shareholders.
At the next annual general and special meeting of shareholders on Oct. 11, 2022, the company will ask shareholders to ratify and confirm the adoption of the omnibus plan.
About Max Resource Corp.
Max Resource is a mineral exploration company advancing the newly discovered district-scale Cesar copper-silver project. The wholly owned Cesar project sits along the Colombian portion of the world's largest producing copper belt (Andean belt), with world-class infrastructure and the presence of global majors (Glencore and Chevron).
In addition, Max controls the RT gold project (100-per-cent earn-in) in Peru, encompassing a bulk-tonnage primary gold porphyry zone and, three kilometres to the northwest, a gold-bearing massive sulphide zone. Historic drilling in 2001 returned values ranging from 3.1 grams per tonne to 118.1 grams per tonne gold over core lengths ranging from 2.2 metres to 36.0 metres.
The safety of the company's people and the communities where the company operates is most important. Max conducts exploration in a manner that supports protection of ecosystems through responsible environmental stewardship.
We seek Safe Harbor.
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