Bear Creek Mining Announces Grant of Stock Options and Restricted Share Units

Rhea-AI Summary

Bear Creek Mining has announced the approval of 1,362,500 stock options and 1,622,500 Restricted Share Units (RSUs) to its directors, officers, and employees. These grants are part of the company's Stock Option Plan and Long Term Incentive Plan (LTIP), respectively. The stock options are exercisable by June 26, 2034, at a price of Cdn $0.35 per share.

Positive

• 1,362,500 stock options granted, showing strong employee incentives.
• 1,622,500 RSUs awarded, aligning employees' interests with shareholders.

Negative

• Potential dilution risk from the issuance of 1,362,500 new stock options and 1,622,500 RSUs.

Vancouver, British Columbia--(Newsfile Corp. - June 26, 2024) - Bear Creek Mining Corporation (TSXV: BCM) (OTCQX: BCEKF) (BVL: BCM) ("Bear Creek" or the "Company") announces that its Board of Directors (the "Board") has authorized and approved the grant to certain directors, officers and employees of Bear Creek of a cumulative total of 1,362,500 stock options (the "Options") pursuant to its stock option plan (the "Stock Option Plan") and a cumulative total of 1,622,500 Restricted Share Units ("RSUs") pursuant to its Long Term Incentive Plan ("LTIP"). The Options and the RSUs are subject to vesting provisions in accordance with the Stock Option Plan and LTIP, respectively. The Options are exercisable on or before June 26, 2034 at the strike price of Cdn $0.35 per share.

On behalf of the Board of Directors,

Eric Caba
President and CEO

For further information contact:
Barbara Henderson - VP Corporate Communications
Direct: 604-628-1111
E-mail: barb@bearcreekmining.com
www.bearcreekmining.com

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Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/214387

FAQ

What did Bear Creek Mining announce on June 26, 2024?

Bear Creek Mining announced the grant of 1,362,500 stock options and 1,622,500 Restricted Share Units (RSUs) to its directors, officers, and employees.

What is the exercise price of the Bear Creek Mining stock options granted?

The stock options are exercisable at a price of Cdn $0.35 per share.

When do the Bear Creek Mining stock options expire?

The stock options expire on June 26, 2034.

What is the stock symbol for Bear Creek Mining on the OTCQX market?

The stock symbol for Bear Creek Mining on the OTCQX market is BCEKF.

How many Restricted Share Units did Bear Creek Mining grant?

Bear Creek Mining granted 1,622,500 Restricted Share Units (RSUs).