METALEX ANNOUNCES GRANT OF DEFERRED SHARE UNITS
16 February 2023 - 10:29AM
PR Newswire (Canada)
KELOWNA,
BC, Feb. 15, 2023 /CNW/
- Metalex Ventures Ltd. (TSXV: MTX)
(the "Company") announces that it has granted an aggregate
of 1,000,000 deferred share units (the "DSUs") to two
independent directors at a deemed price of $0.06 per DSU. The DSUs were granted in
consideration for services provided by the directors for the
quarters ended April 30, 2022,
July 31, 2022, October 31, 2022 and January 31, 2023. The DSUs were granted under the
Company's Deferred Share Unit Plan adopted on October 11, 2022. The DSUs vest one year from the
date of grant, subject to certain exceptions, and each DSU entitles
the holder to receive one share of the Company, or in certain
circumstances a cash payment equal to the value of one share of the
Company, at the time the holder ceases to be a director of the
Company.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Metalex Ventures Ltd.
Copyright 2023 Canada NewsWire
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