Candelaria Announces Adoption of New Stock Option Plan and Amended Restricted Share Unit Plan

Candelaria Announces Adoption of New Stock Option Plan and Amended Restricted Share Unit Plan

Candelaria Mining Corp. (TSX-V: CAND, OTC PINK: CDELF) (the "Company") announces that the Company has adopted a new 10% rolling stock option plan (the "New Plan"). The New Plan received conditional TSX Venture Exchange ("TSXV") approval and shareholders approved the New Plan at the Company's Annual General Meeting held on January 20, 2023.

The New Plan, which replaced the Company's 2012 stock option plan, was adopted in order to reflect amendments to the TSXV's Policy 4.4 Security Based Compensation ("Policy 4.4") and current best practices. The New Plan provides that the number of common shares of the Company ("Common Shares") issuable under the New Plan, together with all of the Company's other previously established or proposed share compensation arrangements, may not exceed 10% of the total number of the Company's issued and outstanding Common Shares. The New Plan allows the Company to grant stock options to directors, officers, employees and consultants of the Company, as additional compensation, and creates an opportunity for them to participate in the success of the Company. All outstanding options granted under the 2012 stock option plan have been rolled into the New Plan.

TSXV Policy 4.4 require that shareholders of the Company ratify and approve the New Plan annually to allow for continuation of the New Plan.

Also, the Company's board of directors have made amendments to its fixed restricted share unit plan (the "Amended and Restated RSU Plan") to increase the number of Common Shares issuable pursuant to the Amended and Restated RSU Plan to 5,000,000 Common Shares and to conform with the requirements of the new TSXV Policy 4.4. The Amended and Restated RSU Plan received TSXV conditional approval and shareholders approved the Amended and Restated RSU Plan at the Company's Annual General Meeting held on January 20, 2023.

Additional details regarding the New Plan and the Amended and Restated RSU Plan are contained in the Company's information circular dated December 15, 2022 which has been filed on SEDAR under the Company's profile.

ON BEHALF OF THE BOARD

Mike Struthers

CEO

+1 604 349 5992

For further information, please contact:

 Candelaria Mining Corp.

Investor Relations

+1 604 349 5992

info@candelariamining.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Source

Click here to connect with Candelaria Mining Corp. (TSX-V: CAND, OTC PINK: CDELF), to receive an Investor Presentation

CAND:CA
The Conversation (0)
Pilbara region, Western Australia, Australia.

Pilbara 2.0: Inside Australia’s Newest Gold Frontier

The Central Pilbara region of Western Australia is undergoing a quiet revolution that is rapidly reshaping the global gold exploration landscape.

Once dismissed as a technically challenging and geologically inconsistent terrain, Pilbara is now emerging as one of the world’s most exciting new gold frontiers and drawing serious attention from institutional investors, driven by transformative discoveries, a maturing geological model and a wave of junior explorers tapping into underexplored intrusive-hosted systems.

Anchored by the multimillion-ounce Hemi discovery — one of the most significant gold finds in Australia in over a decade — this region is not just proving its geological potential, but also demonstrating the kind of scale, consistency and margin profile that modern gold investors seek. As the discovery window remains wide open and valuations are still accessible, the Central Pilbara presents a rare opportunity for early exposure to what may become one of Australia’s next tier-one gold districts.

Keep reading...Show less
A mining truck within the outline of Australia's map on a clear day.

Is Australia on the Brink of a New Mining Super Cycle?

Mining remains as a cornerstone of Australia’s GDP and export earnings, but current global challenges such as trade disputes and price changes may be straining its foundations.

A recent FocusEconomics report tackled Australia’s resource wealth, tracing from the gold rushes of the 1850s to the iron ore and coal booms of the 21st century.

Keep reading...Show less
Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

Kobo Resources Confirms Additional High-Grade Gold Mineralization at Kossou with 15.5 m at 2.3 g/t Au, incl. 8.3 m at 3.43 g/t Au; Outlines Next Phase of Exploration at Kossou

 
  •   High-grade gold intercepts highlighted by 15.5 m at 2.30 g/t Au, incl. 8.3 m at 3.43 g/t Au at the Road Cut Zone  
  •  
  •   Initial drilling on the gap between Jagger and Road Cut Zone confirms target structure, warrants further testing  
  •  
  •   Current drill phase complete; Geological modelling and planning underway for 15,000 m drill program expected to begin in H2 2025  
  •  

 

 Kobo Resources Inc. (" Kobo" or the " Company ") ( TSX.V: KRI ) is pleased to report additional diamond drill results from the Road Cut Zone at its 100%-owned Kossou Gold Project (" Kossou ") in Côte d'Ivoire. Results from these holes continue to strengthen the Company's understanding of the key structural controls that define this prospective target area.

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
Maritime Resources (TSXV:MAE)

Maritime Resources

Keep reading...Show less

Latest Press Releases

Related News

×