Mr. Darryl Jones reports
STAR COPPER ANNOUNCES GRANT OF RSUS, STOCK OPTIONS AND PSUS
Star Copper Corp. has granted 3.4 million restricted share units (RSUs), 500,000 stock options and 500,000 performance share units (PSUs) to certain directors, officers and consultants of the company under its omnibus equity incentive plan.
All 3.4 million RSUs vest over a period of three years, with one-third of the RSUs vesting on each of the one-, two- and three-year anniversary from the date of grant. Upon vesting, each RSU is redeemable for one common share in the capital of the company, cash, or a combination of common shares and cash in accordance with the plan and as determined by the company. The company, in its sole discretion, may elect to defer the vesting of any portion of the RSUs to a subsequent year.
The options are exercisable to acquire up to 500,000 common shares at an exercise price of $1.15 per common share and expire on Jan. 29, 2029. The options vest as to 20 per cent on the date of grant and each of the six-, 12-, 18- and 24-month anniversaries of the date of grant.
The PSUs entitle the holder to receive up to 500,000 common shares and will vest upon the acquisition of greater than 5.0 per cent of the issued and outstanding common shares of the company by a third party investor.
The grant of the incentive awards is subject to the policies of the Canadian Securities Exchange and applicable securities laws.
About Star Copper Corp.
Star Copper is an exploration and development company focused on developing high-potential copper projects in mining-friendly jurisdictions. The company aims to advance its 100-per-cent-owned Star project in British Columbia's prolific Golden Triangle and Sheslay district. The project hosts multiple copper-gold porphyry-style targets, including Star Main, Star North and Copper Creek. Significant exploration, including historical drilling, has confirmed open mineralization at depth and in all directions. Star Copper's strategic plans include geological mapping and geophysical surveys to refine existing targets, diamond drilling programs to test high-priority zones, environmental baseline studies, and permitting groundwork alongside data analysis and resource modelling to support a future resource estimate prepared in accordance with National Instrument 43-101. The company further plans to advance its Indata project with follow-up drilling to expand on previous high-grade copper and gold intercepts, trenching and surface sampling to delineate mineralized zones, and infrastructure improvements for site accessibility and operations. With a commitment to sustainable development and value creation, Star Copper aims to position itself to support surging industrial demand to meet growing global electrification needs.
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