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Aston Bay Holdings Grants Stock Options

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Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) has announced the granting of stock options to key personnel. The company has issued options to acquire 2,300,000 common shares to officers, directors, employees, and consultants. These incentive stock options come with an exercise price of $0.105 per share and have a five-year term. The vesting schedule is structured as follows: one-third vests immediately upon grant, with the remaining two-thirds vesting equally on the first and second anniversaries of the grant date.

Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) ha annunciato il conferimento di opzioni su azioni al personale chiave. La società ha emesso opzioni per acquisire 2.300.000 azioni ordinarie a dirigenti, membri del consiglio, dipendenti e consulenti. Queste opzioni incentivanti hanno un prezzo di esercizio di $0,105 per azione e hanno un termine di cinque anni. Il programma di maturazione è strutturato come segue: un terzo matura immediatamente al momento del conferimento, con i restanti due terzi che maturano equamente nei primi e secondi anniversari della data di conferimento.

Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) ha anunciado la concesión de opciones sobre acciones al personal clave. La compañía ha emitido opciones para adquirir 2,300,000 acciones ordinarias para oficiales, directores, empleados y consultores. Estas opciones de acciones de incentivos tienen un precio de ejercicio de $0.105 por acción y tienen un plazo de cinco años. El calendario de adquisición se estructura de la siguiente manera: un tercio se adquiere inmediatamente al otorgarse, mientras que los dos tercios restantes se adquieren por igual en el primer y segundo aniversario de la fecha de otorgamiento.

Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF)는 핵심 인원에게 주식 옵션을 부여한다고 발표했습니다. 이 회사는 임원, 이사, 직원 및 컨설턴트에게 2,300,000주 보통주를 인수할 수 있는 옵션을 발행했습니다. 이러한 인센티브 주식 옵션은 주당 $0.105의 행사 가격을 가지고 있으며 5년의 기간을 갖습니다. 권리가 발생하는 일정은 다음과 같이 구성되어 있습니다: 1/3은 부여 즉시 발생하며, 나머지 2/3은 부여일의 첫 번째 및 두 번째 기념일에 고르게 발생합니다.

Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) a annoncé l'attribution d'options d'achat d'actions à des personnels clés. L'entreprise a émis des options pour acquérir 2.300.000 actions ordinaires à des dirigeants, administrateurs, employés et consultants. Ces options d'actions incitatives ont un prix d'exercice de $0,105 par action et ont une durée de cinq ans. Le calendrier d'acquisition est structuré comme suit : un tiers est acquis immédiatement lors de l'attribution, tandis que les deux tiers restants sont acquis également lors des premier et deuxième anniversaires de la date d'attribution.

Aston Bay Holdings (TSXV:BAY)(OTCQB:ATBHF) hat die Gewährung von Aktienoptionen an Schlüsselpersonen bekannt gegeben. Das Unternehmen hat Optionen zur Erlangung von 2.300.000 Stammaktien an leitende Angestellte, Direktoren, Mitarbeiter und Berater ausgegeben. Diese Anreiz-Aktienoptionen haben einen Ausübungspreis von $0,105 pro Aktie und eine Laufzeit von fünf Jahren. Der Vesting-Plan ist wie folgt strukturiert: Ein Drittel wird sofort bei der Gewährung fällig, während die verbleibenden zwei Drittel gleichmäßig am ersten und zweiten Jahrestag des Gewährungsdatums fällig werden.

Positive
  • Incentive alignment with stock options granted to key personnel
  • Five-year term provides long-term incentive
Negative
  • Potential dilution of existing shareholders' equity

TORONTO, ON / ACCESSWIRE / August 2, 2024 / Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") advises that it has granted stock options exercisable to acquire 2,300,000 common shares in the Company to certain officers, directors, employees and consultants of the Company. The incentive stock options have an exercise price of $0.105 per share with a five-year term and will vest one-third on the date of grant, and one-third on each of the first and second anniversaries of the date of grant.

About Aston Bay Holdings
Aston Bay is a publicly traded mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada and Virginia, USA. The Company is led by CEO Thomas Ullrich with exploration in Virginia directed by the Company's advisor, Don Taylor, the 2018 Thayer Lindsley Award winner for his discovery of the Taylor Pb-Zn-Ag Deposit in Arizona.

The Company is currently exploring the Storm Copper and Epworth Properties in Nunavut, and the high-grade Buckingham Gold Vein in central Virginia. The company is also in advanced stages of negotiation on other lands with high-grade critical metals potential in North America

The Company and its joint venture partners, American West Metals Limited and its wholly-owned subsidiary, Tornado Metals Ltd. (collectively, "American West"), have formed a 20/80 unincorporated joint venture and are finalizing a joint venture agreement in respect of the Storm Project property, which hosts the Storm Copper Project and the Seal Zinc Deposit. Under the unincorporated joint venture, Aston Bay shall have a free carried interest until American West has made a decision to mine upon completion of a bankable feasibility study, meaning American West will be solely responsible for funding the joint venture until such decision is made. After such decision is made, Aston Bay will be diluted in the event it does not elect to contribute its proportionate share and its interest in the Storm Project property will be converted into a 2% net smelter returns royalty if its interest is diluted to below 10%.

The Company's public disclosure documents are available on www.sedarplus.ca.

Neither TSX Venture Exchange 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 news release.

FOR ADDITIONAL INFORMATION CONTACT:
Thomas Ullrich, Chief Executive Officer
thomas.ullrich@astonbayholdings.com
(416) 456-3516

SOURCE: Aston Bay Holdings Ltd.



View the original press release on accesswire.com

FAQ

How many stock options did Aston Bay Holdings (ATBHF) grant on August 2, 2024?

Aston Bay Holdings granted stock options exercisable to acquire 2,300,000 common shares on August 2, 2024.

What is the exercise price of the stock options granted by Aston Bay Holdings (ATBHF)?

The exercise price of the stock options granted by Aston Bay Holdings is $0.105 per share.

What is the vesting schedule for the stock options granted by Aston Bay Holdings (ATBHF)?

The stock options vest one-third on the date of grant, and one-third on each of the first and second anniversaries of the grant date.

What is the term of the stock options granted by Aston Bay Holdings (ATBHF) on August 2, 2024?

The stock options granted by Aston Bay Holdings have a five-year term.

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