VANCOUVER, British Columbia / May 28, 2023 / Business Wire / No Isle Copper & Gold Co. (TSX-V: NCX) (“Northisle” or the “Company”) today announced that Northisle’s Board of Directors has authorized the issuance of 403,500 stock options (“Options”) pursuant to the Company’s Incentive Stock Option Plan. bottom. The options provide for the purchase of a total of 403,500 shares of common stock at an exercise price of $0.18 per share, the closing price of the Company’s stock on his TSX-V on May 26, 2023. The term of the option is 5 years. One-third will vest annually beginning May 26, 2023.
In addition, the Board of Directors has authorized the issuance of 381,500 restricted stock units (“RSUs”) pursuant to the Company’s share unit plan approved at the Company’s 2021 Annual General Meeting of Shareholders. The RSU will vest one-third annually beginning May 26, 2024.
We use equity compensation to attract and retain skilled and experienced management and directors while reducing the impact on our cash resources. Combined with the November 2022 issuance of the LTIP, the company will have a total of 3,176,800 options, 828,800 RSUs and 571,200 deferred share units ( (“DSU”).
The detailed terms of options, DSUs and RSUs are set forth in our stock option plans and stock unit plans filed with SEDAR.
About No Isle
Northisle Copper and Gold Inc. is a Vancouver-based company with a mission to become Canada’s leading sustainable mineral resources company for the future. Nor Isle owns the North Island Project, one of Canada’s most promising copper and gold porphyry deposits. The North Island Project is located on a mineral title block of over 34,000 hectares, 100% owned by Nor Isle, extending 50 kilometers northwest of the now-closed Island copper mine operated by BHP Billiton near Port Hardy, British Columbia. increase. Nor Isle has completed an updated preliminary economic evaluation of the North Island Project in 2021 and is now focused on advancing the project through pre-feasibility studies while continuing exploration within this highly promising land package. I guess.
For more information on Northisle, please visit our website. www.northisle.ca.
Cautionary Note Regarding Forward-Looking Information
Certain information in this news release constitutes forward-looking statements under applicable securities laws. Statements contained in this news release that are not statements of historical fact are considered forward-looking statements. Forward-looking statements are often identified by words such as “may,” “should,” “anticipate,” “anticipate,” “intend,” or similar expressions. will be Forward-looking statements in this news release include, but are not limited to, statements regarding the results of company appointments and other future plans, goals or expectations of No Isle. Forward-looking statements necessarily involve known and unknown risks. This includes, but is not limited to, the ability to execute Northisle’s business strategy. Risks associated with mineral exploration and production. Risks associated with general economic conditions. An adverse event for the industry. Stakeholder Involvement. marketing and transportation costs; Market loss. Commodity price volatility. Inability to access sufficient capital from internal and external sources and/or inability to access sufficient capital on favorable terms. Industry and Government Regulations. changes in laws, income taxes and regulations; competition; currency and interest rate fluctuations; and other risks. Readers should note that the preceding list is not exhaustive.
Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that our plans, intentions or expectations based on such statements will be realized. Such information, although believed to be reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. . Any forward-looking statements contained in this news release are expressly qualified by this cautionary statement.
The forward-looking statements contained in this news release represent the expectations of Northisle’s management as of the date of this news release and, therefore, are subject to change after that date. Northisle undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities laws. not.
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