BTU Option Grant

Rhea-AI Summary

BTU Metals Corp. announced the grant of 4,750,000 stock options to its directors, officers, and consultants, priced at $0.09 per share. These options can be exercised over a period of three years, aligning with the company's stock option plan. This move aims to incentivize key personnel and strengthen corporate governance.

Positive

• Grant of 4,750,000 stock options to key personnel could enhance retention and motivation.
• Stock options priced at $0.09 per share may lead to aligned interests between management and shareholders.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / April 12, 2022 / BTU METALS CORP. ("BTU" or the "Company") (TSX.V:BTU)(BTUMF:OTCQB) announces it has granted a total of 4,750,000 stock options to directors, officers and consultants of the company exercisable at a price of $0.09 per share for a period of three years from the date of grant. The options have been granted in accordance with the company's stock option plan.

ON BEHALF OF THE BOARD

"Paul Wood"

Paul Wood, CEO, Director
pwood@btumetals.com

SOURCE: BTU Metals Corp.

View source version on accesswire.com:
https://www.accesswire.com/697195/BTU-Option-Grant

FAQ

What stock options were granted by BTU Metals Corp. on April 12, 2022?

BTU Metals Corp. announced the grant of 4,750,000 stock options priced at $0.09 per share.

Who received the stock options from BTU Metals Corp.?

The stock options were granted to directors, officers, and consultants of BTU Metals Corp.

What is the exercise period for the stock options granted by BTU?

The stock options are exercisable for a period of three years from the date of grant.

How does the stock option grant impact BTU Metals Corp. shareholders?

The grant aims to align management's interests with shareholders, potentially enhancing company performance.