Northisle Copper and Gold Inc. (TSX-V: NCX) has recently made a significant announcement regarding the issuance of stock options and restricted share units. The company’s Board of Directors has approved the issuance of 150,000 stock options, allowing for the purchase of an aggregate of 150,000 common shares at an exercise price of $0.50 per share. These options have a 5-year term and will vest twelve months from the issuance date.
In addition to the stock options, the Board of Directors has also approved the issuance of 433,800 restricted share units (RSUs) under the Company’s Share Unit Plan. These RSUs will vest one third per year starting from April 1, 2025.
Northisle Copper and Gold Inc. is a Vancouver-based company with a mission to become Canada’s leading sustainable mineral resource company. The company owns the North Island Project, a promising copper and gold porphyry deposit located near Port Hardy, British Columbia. The project covers a 34,000-hectare block of mineral titles and is 100% owned by Northisle.
For more information on Northisle and their recent announcements, interested individuals can visit the company’s website at www.northisle.ca. It is important to note that forward-looking statements in this news release involve certain risks and uncertainties, and readers are advised to exercise caution when considering these statements.
Overall, Northisle’s recent developments in issuing stock options and restricted share units demonstrate the company’s commitment to growth and sustainability in the mineral resource industry.