Andean Precious Metals Announces RSU Grants

Rhea-AI Summary

Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) granted restricted share units (RSUs) to certain employees and service providers of its subsidiary, Golden Queen Mining, on December 4, 2023. The board of directors approved the grant of 821,181 RSUs to retain critical personnel and promote business success. The RSUs will vest in 12 months and be settled in shares of the Company.

Toronto, Ontario--(Newsfile Corp. - December 6, 2023) - Andean Precious Metals Corp. (TSXV: APM) (OTCQX: ANPMF) ("Andean" or the "Company") announced that on December 4, 2023 (the "Grant Date"), it granted restricted share units ("RSUs") to certain employees and service providers of its recently acquired subsidiary, Golden Queen Mining (each, a "Participant" and collectively the "Participants"), pursuant to Andean's Omnibus Long-Term Incentive Plan (the "Plan").

In order to retain critical personnel for the continuation of its purposes and objectives and to promote the business success of the Company, Andean's board of directors approved the grant of an aggregate amount of 821,181 RSUs to the Participants. The RSUs shall vest on the date that is 12 months from the Grant Date and shall be settled in shares of the Company unless otherwise jointly agreed between the Participant and the Company.

About Andean Precious Metals Corp.

Andean is a growing precious metals producer focused on top-tier jurisdictions in the Americas. The Company owns and operates the San Bartolomé processing facility in Potosí, Bolivia and the Soledad Mountain mine in Kern County, California, and is well-funded to act on future growth opportunities. Andean's leadership team is committed to creating value; fostering safe, sustainable and responsible operations; and achieving our ambition to be a multi-asset, mid-tier precious metals producer.

For more information, please contact:

Trish Moran
VP Investor Relations 
tmoran@andeanpm.com
T: +1 416 564 4290 

Anna Speyer  
NATIONAL Capital Markets
aspeyer@national.ca 
T: +1 416 848 1376

Neither the TSX Venture Exchange, Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/190147

FAQ

What did Andean Precious Metals Corp. (APM) announce on December 4, 2023?

Andean Precious Metals Corp. announced the grant of restricted share units (RSUs) to certain employees and service providers of its subsidiary, Golden Queen Mining.

How many RSUs were granted by Andean Precious Metals Corp. (APM) on December 4, 2023?

Andean Precious Metals Corp. granted an aggregate amount of 821,181 RSUs to the participants.

When will the RSUs granted by Andean Precious Metals Corp. (APM) vest?

The RSUs shall vest on the date that is 12 months from the Grant Date.

How will the RSUs granted by Andean Precious Metals Corp. (APM) be settled?

The RSUs shall be settled in shares of the Company unless otherwise jointly agreed between the Participant and the Company.