On October 18, 2024, Cordoba Minerals Corp., a mineral exploration company headquartered in Vancouver, British Columbia, made an announcement regarding stock option grants and deferred share units issued to certain directors. The Board of Directors approved the issuance of 256,529 stock options (“Stock Options”) and 453,294 deferred share units (“DSUs”), allowing the directors to acquire up to a total of 709,823 common shares in the company.
The Stock Options, granted to directors to purchase common shares, are exercisable at a price of $0.455 per share. The options will vest in three equal parts: one-third on the grant date, another third six months after the grant date, and the final third one year after the grant date. They will expire five years from the grant date. The DSUs, on the other hand, will be redeemable upon the retirement or replacement of a director.
Cordoba Minerals Corp. is primarily engaged in the exploration, development, and acquisition of copper and gold projects. The company is currently working on the Alacran Project in Colombia in collaboration with JCHX Mining Management Co., Ltd., as well as exploring the Perseverance Copper Project in Arizona, USA, through a Joint Venture and Earn-In Agreement. More information about the company can be found at www.cordobaminerals.com.
The President and Chief Executive Officer of Cordoba Minerals Corp., Sarah Armstrong-Montoya, expressed the company’s actions in the press release. The TSX Venture Exchange and its Regulation Services Provider do not take responsibility for the accuracy or adequacy of this release. For more information about the press release, please visit https://www.newsfilecorp.com/release/227152.
Source: Cordoba Minerals Corp. (https://www.newsfilecorp.com/company/3116/Cordoba-Minerals-Corp.)
