Pan Global Resources Inc. (TSXV: PGZ | OTCQX: PGZFF | FSE: 2EU) has approved annual grants under the shareholder-approved Omnibus Equity Incentive Compensation Plan of 2,037,500 incentive stock options to officers, directors, employees, and consultants to the company; and of 800,000 restricted share units (RSUs) to senior management of the company.
The incentive stock options entitle the holders to purchase the equivalent number of common shares of the company at a price of C$0.20 per common share for a period of five years from the date of grant.
The options will vest as follows: 25% on grant, followed by an additional 25% on each of the six-month, 12-month, and 18-month anniversaries from the date of grant.
The RSUs will vest over 18 months from the date of grant, with 50% vesting 12 months after the grant date, and the remaining 50% vesting on the 18-month anniversary from the date of grant.
Pan Global Resources Inc. is actively targeting copper-rich mineral deposits, given copper’s compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition.
The company’s flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain, where infrastructure, mining, and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one jurisdiction for mining investment.
To find out more, please visit www.panglobalresources.com
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