The New Plan is an evergreen rolling plan which allows the Company to issue up to a maximum of 10% of the common shares of the Company in stock options, performance share units, deferred share units, and restricted share units to directors, officers, employees, and consultants of the Company. Under the ASX regulations all units issued to directors under the New Plan must be shareholder approved. The New floating 10% Plan was adopted by the Company to provide incentives to its executives without creating the concerns that the previous proposed 20% fixed plan generated.
At the next annual general meeting of shareholders on
Furthermore, the Company has granted an aggregate 750,000 incentive stock options (the 'Options') to new management of the Company. The Options are exercisable at
About
The Company's flagship asset is the 100% owned Corvette Property, located proximal to the
The Company also holds 100% ownership of the Freeman Creek Gold Property in
The Company's other assets include the Pontax Lithium-Gold Property, QC; and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in
Contact:
E: info@patriotbatterymetals.com
Tel: +1 (604) 279-8709
WEB: www.patriotbatterymetals.com
Please refer to the Company's continuous disclosure filings, available under its profile at www.sedar.com and asx.com.au, for available exploration data.
Competent person statement (ASX Listing Rule 5.22)
The information in this news release which relates to previously announced exploration results for the Corvette Property were first released by the Company in its prospectus for its ASX listing dated
Disclaimer for Forward-Looking Information
This news release contains forward-looking statements and other statements that are not historical facts. Forward-looking statements are often identified by terms such as 'will', 'may', 'should', 'anticipate', 'expects' and similar expressions. All statements other than statements of historical fact, including but not limited to references to a proposed mineral resource estimate and prefeasibility study, included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the results of further exploration and testing, and other risks detailed from time to time in the filings made by the Company with securities regulators, available at www.sedar.com. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
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