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DLP Resources Inc. (TSXV: DLP,OTC:DLPRF) (OTCQB: DLPRF) (FSE: J8C) ("DLP" or the "Company") is pleased to announce the grant of incentive stock options (Options), restricted share units (RSUs), and deferred share units (DSUs) to directors and officers of the Company pursuant to its Long-Term Incentive Plan (the "Plan").
Grant Details
The Company has issued an aggregate of 518,086 incentive stock options ("Options"), 322,054 restricted share units ("RSUs") and 1,351,350 deferred share units ("DSUs") to certain directors and officers of the Company. Each Option is exercisable by the holder to purchase one common share of the Company at an exercise price of $0.37, for a period of five years, vesting 1/3 immediately, 1/3 after 1 year and 1/3 after 2 years. Each RSU and DSU entitles the holder to be issued one common share of the Company upon vesting. The RSUs will vest 1/3 immediately, 1/3 after 1 year and 1/3 after 2 years, and the DSUs will vest on the date that the holder ceases to be an eligible person under the terms of the Company's Long-Term Incentive Plan.
About DLP Resources Inc.
DLP Resources Inc. is a mineral exploration company operating in Southern Peru and Southeastern British Columbia, exploring for Copper, Base Metals and Cobalt. DLP is listed on the TSX-V, trading symbol DLP and on the OTCQB, trading symbol DLPRF and on the FSE, trading symbol J8C. Please refer to our web site www.dlpresourcesinc.com for additional information.
FOR FURTHER INFORMATION, PLEASE CONTACT:
DLP Resources Inc.
Ian Gendall, CEO & President
Bill Bennett, Chairman
Jim Stypula, Lead Director
Robin Sudo, Corporate Secretary and Land Manager
Telephone: 250-426-7808
Email: iangendall@dlpresourcesinc.com
Email: billbennett@dlpresourcesinc.com
Email: jimstypula@dlpresourcesinc.com
Email: robinsudo@dlpresourcesinc.com
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information
This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect the expectations or beliefs of management of the Company regarding future events. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, obtaining required regulatory approvals for the Agreement.
These forward‐looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These risks and uncertainties include, among other things, delays in obtaining or failure to obtain required regulatory approvals for the Agreement.
In making the forward-looking statements in this news release, the Company has applied several material assumptions, including without limitation, that: the Company will obtain the required regulatory approvals for the Agreement.
Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279567
