Mr. Chad Ulansky reports
METALEX ANNOUNCES GRANT OF DEFERRED SHARE UNITS
Metalex Ventures Ltd. has granted an aggregate of 300,000 deferred share units (DSUs) to two independent directors at a deemed price of five cents per DSU. The DSUs were granted in consideration for services provided by the directors for the quarter ended Jan. 31, 2024. The DSUs were granted under the company's deferred share unit plan adopted on Oct. 11, 2022. The DSUs vest one year from the date of grant, subject to certain exceptions, and each DSU entitles the holder to receive one share of the company, or in certain circumstances a cash payment equal to the value of one share of the company, at the time the holder ceases to be a director of the company.
© 2024 Canjex Publishing Ltd. All rights reserved.