PORT MORESBY, Papua New Guinea , Nov. 11, 2024 /CNW/ – Adyton Resources Corporation (TSX Venture: ADY) (“Adyton” or the “Company“) announces the Company has granted a total of 7,250,000 stock options and 1,100,000 restricted share units (each an “RSU”) to certain officers, directors and employees of the Company.
The stock options have been granted under the Company’s Amended and Restated Stock Option Plan. Each option entitles the holder to acquire one common share at an exercise price of $0.20 for a three year period expiring on November 8, 2027, subject to vesting requirements that the options only vest on the date on which the holder has been an officer, director or employee of the Company for 12 months. Any common shares acquired on exercise of the options will be subject to contractual resale restrictions for a period of 12 months.
The RSUs have been granted under the Company’s Amended and Restated Non-Option Omnibus…
