Prudent Minerals Adopts Restricted Share Unit Plan
Vancouver, BC – June 27, 2022: Prudent Minerals Corp. (CSE: PRUD) (the “Company”) is pleased to announce that the Board of Directors have approved the adoption of a 10% rolling Restricted Share Unit Plan whereby the Company may issue up to 10% of its issued capital as Restricted Share Units to eligible directors and officers. The Restricted Share Unit Plan was adopted by the Company to provide incentives to its executives to better align interests with shareholders while preserving the Company’s cash for furthering its business.
At the next annual general meeting of shareholders, the Company will ask shareholders to ratify and confirm the adoption of the Restricted Share Unit Plan.
The Company has granted an aggregate 2,400,000 restricted share units (the “RSUs”) to officers and directors of the Company. The RSUs are governed by the Company’s RSU Plan, approved by the Company’s directors on June 27, 2022 and subject to shareholder approval at the next annual general meeting.
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On Behalf of the Board,
Prudent Minerals Corp.
Neither Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
This news release may contain assumptions, estimates, and other forward-looking statements regarding future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to factors, many of which are beyond the Company's control that may cause actual results or performance to differ materially from those currently anticipated in such statements.Back To Archive