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MONTREAL, January 25, 2025–(BUSINESS WIRE)–Lomiko Metals Inc. (TSX-V: LMR) (“Lomiko” or the “Company”) is pleased to announce grants for management, IR and board compensation. As part of the annual short and long-term incentive program as determined by the Board, Lomiko is announcing the grant of stock options to management and an investor relations advisor, Restricted Share Units (“RSUs”) to management and RSUs and Deferred Share Units (“DSUs”) to the Board in accordance with the Company’s approved 2024 Omnibus Equity Incentive Plan.

On the recommendation of the Compensation, Corporate Governance, and Nominating Committee (“CCGNC”), the Board has approved the grant of an aggregate of 644,446 RSUs and 844,403 DSUs to the Company’s directors. Management including the Executive Chair has been granted an aggregate of 370,370 RSUs and 375,000 stock options have been issued. The Company is pleased to announce that it has retained A. Paul Gill to provide investor relations services in accordance with TSX Venture Exchange policies. The Agreement is for a six month term, subject to renewability. Mr. Gill has been granted an option to purchase up to 110,000 common shares, exerciseable for three years at $0.135, subject to vesting provisions and in accordance with the Company’s Omnibus Equity Share Plan.

Mr. Gill reports that he currently holds an aggregate of 596,000 common shares and 325,000 warrants/options of Lomiko Metals Inc., directly and indirectly. The above mentioned transaction is subject to the approval of the regulatory authorities. This is an arm’s-length transaction.

The 2024 Omnibus Equity Incentive Plan’s objective is to create an incentive compensation program that is aligned with the Company’s long-term objectives. Stock options, DSUs, RSUs and PSUs are granted in accordance with Policy 4.4 – Security Based Compensation of the TSX Venture Exchange (the “Exchange”), the terms and conditions of the 2024 Omnibus Equity Incentive Plan and the terms of the award agreement evidencing such equity compensation security.

RSUs: Each vested RSU can be redeemed for one fully paid and non-assessable common share of Lomiko issued from treasury. RSUs are vested by January 24, 2026. The number of RSUs granted was calculated based on the compensation to be paid to the director, as recommended by CCGNC and approved by the Board, and was calculated using a price of $0.135 per common share.

DSUs: Each vested DSU can be redeemed for one fully paid and non-assessable common share of Lomiko issued from treasury. For directors, the DSUs granted vest January 24, 2026, and are settled on a director’s retirement from the board. The number of DSUs granted was calculated based on the compensation to be paid to the director, as recommended by CCGNC and approved by the Board, and was calculated using a price of $0.135 per common share.



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