on Star Copper Corp. (CVE:STCU)
Star Copper Corp. Grants Incentive Awards
Star Copper Corp. has announced the grant of 3,400,000 restricted share units (RSUs), 500,000 stock options, and 500,000 performance share units (PSUs) to various directors, officers, and consultants. These grants are part of the company's omnibus equity incentive plan.
The RSUs will vest over three years, with each third vesting annually. They are redeemable for common shares or cash as per the plan's requirements. The company retains the right to defer vesting.
Stock options enable the purchase of up to 500,000 common shares at $1.15 each, with a vesting schedule of 20% on the grant date and subsequent six-month intervals.
PSUs, upon vesting, will allow holders to acquire 500,000 common shares, contingent upon a substantial acquisition by a third party.
The incentive awards comply with Canadian Securities Exchange policies and relevant laws.
R. E.
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