VANCOUVER, BC, Dec. 29, 2020 /PRNewswire/ – Trillium Gold Mines Inc. (TSXV: TGM) (OTCQX: TGLDF) (FRA: 0702) (“Trillium” or the “Firm“) is happy to announce that its shareholders authorized all gadgets introduced at its annual normal and particular assembly of shareholders held on December 21, 2020 (the “Assembly“), together with the election of Robert Schafer, Russell Starr, David Velisek, Robert Kang and Krisztian Toth as administrators of the Firm.
The Firm additionally obtained disinterested shareholder approval for the Firm’s just lately adopted share compensation plan (the “Share Compensation Plan“), which replaces the Firm’s current 10% rolling inventory possibility plan.
The aim of the Share Compensation Plan is to advance the pursuits of the Firm and its shareholders by: (a) guaranteeing that the pursuits of officers and staff are aligned with the success of the Firm; (b) encouraging inventory possession by such individuals; and (c) offering compensation alternatives to draw, retain and encourage such individuals.
The Share Compensation Plan features a rolling inventory possibility plan that gives for the grant of inventory choices and a set restricted share unit plan that gives for the grant of restricted share items (“RSUs“). Beneath the Share Compensation Plan, awards can be found to administrators, officers and staff of the Firm and its subsidiaries, in addition to sure consultants to the Firm.
The mixture variety of widespread shares within the capital of the Firm (“Frequent Shares“) which can be reserved for issuance beneath the Share Compensation Plan shall not exceed 10% of the Firm’s issued and excellent Frequent Shares, supplied nevertheless that the whole variety of Frequent Shares which can be reserved for the grant of RSUs shall be restricted to 600,000. Sure restrictions on awards of RSUs and grants of choices in any given 12 months apply as follows: (a) the whole variety of Frequent Shares issuable to anyone individual shall not exceed 5% of the whole variety of issued and excellent Frequent Shares on a non-diluted foundation (b) the whole variety of Frequent Shares issuable to insiders as a gaggle, shall not exceed 10% of the whole variety of issued and excellent Frequent Shares on a non-diluted foundation; (c) the whole variety of Frequent Shares issuable to anyone advisor, shall not exceed 2% of the whole variety of issued and excellent Frequent Shares on a non-diluted foundation; and (d) the whole variety of Frequent Shares issuable to all individuals retained by the Firm to offer Investor Relations Actions (as outlined within the TSXV Company Finance Handbook), shall not exceed 2% of the whole variety of issued and excellent Frequent Shares on a non-diluted foundation, supplied nevertheless that individuals retained by the Firm to offer Investor Relations Actions, shall not be eligible to obtain RSUs.
On behalf of the Board of Administrators,
Trillium Gold Mines Inc.
President, CEO and Director
About Trillium Gold Mines Inc.
Trillium Gold Mines Inc. is a British Columbia primarily based firm engaged within the enterprise of acquisition, exploration and growth of mineral properties situated within the extremely potential Crimson Lake Mining District of Northern Ontario.
Disclosure and Warning
Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this launch.
This information launch incorporates forward-looking info, which includes identified and unknown dangers, uncertainties and different elements which will trigger precise occasions to vary materially from present expectation. Readers are cautioned to not place undue reliance on these forward-looking statements, which communicate solely as of the date of this press launch. The Firm disclaims any intention or obligation, besides to the extent required by legislation, to replace or revise any forward-looking statements, whether or not because of new info, future occasions or in any other case.
SOURCE Trillium Gold Mines Inc.