VANCOUVER, British Columbia, Jan. 24, 2024 (GLOBE NEWSWIRE) — Prime Mining Corp. (“Prime” or the “Company”) (TSX: PRYM) (OTCQX: PRMNF) (Frankfurt: 04V3) announces that it has granted a total of 991,626 incentive stock options (the “Options”), 455,846 restricted share units (the “RSUs”) and 661,202 deferred share units (the “DSUs”) in accordance with the long-term incentive plan (the “Plan”) adopted by the Company.
The Options were granted to Management of the Company and are exercisable at the price of $1.83 per share. The Options will vest and become exercisable over a three year period, with one-third vesting on the first year anniversary of the grant, one-third on the second year anniversary, and one-third on the third year anniversary.
The RSUs were granted to the Management of the Company with each RSU equivalent to one Common Share or, at the Corporation’s option, a cash payment equal to the Fair Market…
