BGX – BLACK GOLD EXPLORATION CORP ANNOUNCES EQUITY INCENTIVE GRANT AND DEBT SETTLEMENT AGREEMENTS
The Options granted to directors vest 20% on grant and 40% on the first and second anniversary of the grant date.
- The Options granted to directors vest 20% on grant and 40% on the first and second anniversary of the grant date.
- The Options granted to Officers vest 20% on grant and 20% on the first, second, third and fourth anniversary of the grant date.
- The Options and PSUs are granted in accordance with the Company's equity incentive plan adopted by BGX’s board of directors on March 7, 2024 (the "Equity Incentive Plan").
- The maximum number of equity incentives available for grant is 20% of the Company’s Common Shares on a rolling basis.