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Tactical Resources Corp
Symbol	RARE
Shares Issued	35,674,480
Close 2024-01-17	C$ 0.055
Market Cap	C$ 1,962,096
Recent Sedar+ Documents

Tactical shareholders approve equity incentive plan

2024-01-17 17:24 ET - News Release

Subject: RARE News Release - January 17, 2024 Word Document File: '\\swfile\EmailIn\20240117 141429 Attachment Tactical Resources - News Release announce shareholder approval new TSXV form Omnibus Plan and for continuation at Dec.7_23 AGM.docx' TACTICAL RESOURCES CORP. OMNIBUS PLAN RECEIVES SHAREHOLDER APPROVAL VANCOUVER, BC (GLOBE NEWSWIRE - January 17, 2024) -Tactical Resources Corp. (TSXV: RARE) (OTC: USREF) ("Tactical Resources" or the "Company") announces that as part of the listing of the common shares in the capital of the Company on the TSX Venture Exchange (the "TSXV"), the Company's board of directors adopted a new form Omnibus Incentive Plan dated for reference August 28, 2023 (the "2023 Omnibus Plan") to comply with TSX Venture Exchange ("Exchange") Policy 4.4 - Security Based Compensation ("Policy 4.4"). The 2023 Omnibus Plan provides flexibility to the Company to grant equity-based incentive awards in the form of stock options (option-based awards) which shall not exceed 10% of the outstanding Issue or such other numbers as may be approved by the Exchange and the shareholders of the Company may from time to time and a fixed portion at 3,567,448 issuable shares with respect to restricted share units (share-based awards). Also, one of the provisions of the 2023 Omnibus Plan allows option holders to exercise options on a "Cashless Exercise" or "Net Exercise" basis, as now expressly permitted by Policy 4.4. The 2023 Omnibus Plan replaces and supersedes the Company's prior form of Omnibus Incentive Plan adopted by the Board of Directors on July 14, 2022. All future grants of equity-based Awards will be made pursuant to, or as otherwise permitted by the 2023 Omnibus Plan. The 2023 Omnibus Plan was conditionally approved by the Exchange, subject to shareholder approval. At the Company's annual general meeting held on December 7, 2023, shareholders approved the 2023 Omnibus Plan. As the 2023 Omnibus Incentive Plan is a "rolling" plan, the Exchange requires the Company to obtain shareholder approval on an annual basis. Shareholders also approved the 2023 Omnibus Plan for continuation, at the Company's annual general meeting held on December 7, 2023. Details of the material terms of the 2023 Omnibus Plan are described in the Company's information circular dated November 7, 2023, which has been filed on SEDAR+ under the Company's profile. A complete copy of the 2023 Omnibus Plan has also been filed on SEDAR+ and is available for viewing under the Company's profile on SEDAR+ at www.sedarplus.ca. About Tactical Resources Corp. (TSXV: RARE) (OTC: USREF) Tactical Resources is a mineral exploration and development company focused on rare earth elements based in Vancouver, British Columbia, and holds interests at the Peak Project in western Texas. The Company is also actively involved in the development of innovative metallurgical processing techniques to further unlock rare earth element development potential. Find out more at: www.tacticalresources.com and follow us on Twitter. CONTACT INFORMATION Tactical Resources Corp. Investor Relations Email: investors@tacticalresources.com Telephone: +1 (778) 588-5483 Matt Chatterton, Director Tel: +1 (778) 613-2068 Email: info@tacticalresources.com Media Inquiries media@tacticalresources.com FORWARD LOOKING STATEMENTS This release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation, including predictions, projections and forecasts. Forward-looking statements include, but are not limited to, statements that address activities, events or developments that the Company expects or anticipates will or may occur in the future. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "planned", "expects" or "looking forward", "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or "belief", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company's control. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements. Actual results and developments are likely to differ, and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.