CORRECTION FROM SOURCE: CleanTech Issues Shares for Salaries to Align Management and Shareholder Interests
CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) has announced the issuance of common shares as part of its Shares for Services Agreements with senior management, effective from November 1, 2024. Under this agreement, 1,193,203 shares have been issued, representing 15% of senior management salaries. The issued securities are subject to a four-month regulatory hold period. The company has confirmed that these share issuances have not created a new Control Person.
CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ha annunciato l'emissione di azioni ordinarie come parte dei suoi Accordi di Azioni per Servizi con la direzione senior, a partire dal 1 novembre 2024. In base a questo accordo, sono state emesse 1.193.203 azioni, che rappresentano il 15% degli stipendi della direzione senior. I titoli emessi sono soggetti a un periodo di blocco regolamentare di quattro mesi. L'azienda ha confermato che queste emissioni di azioni non hanno creato una nuova Persona di Controllo.
CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ha anunciado la emisión de acciones ordinarias como parte de sus Acuerdos de Acciones por Servicios con la alta dirección, a partir del 1 de noviembre de 2024. Bajo este acuerdo, se han emitido 1.193.203 acciones, que representan el 15% de los salarios de la alta dirección. Los valores emitidos están sujetos a un período de retención regulatoria de cuatro meses. La empresa ha confirmado que estas emisiones de acciones no han creado una nueva Persona de Control.
클린테크 바나듐 마이닝 주식회사 (TSXV: CTV) (OTCQB: CTVFF)는 2024년 11월 1일부터 고위 경영진과의 서비스 대가로 주식 계약의 일환으로 보통주 발행을 발표했습니다. 이 계약에 따라 1,193,203주가 발행되었으며, 이는 고위 경영진 급여의 15%에 해당합니다. 발행된 증권은 4개월의 규제 보유 기간에 해당합니다. 회사는 이러한 주식 발행이 새로운 지배 주체를 생성하지 않았음을 확인했습니다.
CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) a annoncé l'émission d'actions ordinaires dans le cadre de ses Accords d'Actions pour Services avec la direction senior, à compter du 1er novembre 2024. Dans le cadre de cet accord, 1.193.203 actions ont été émises, représentant 15 % des salaires de la direction senior. Les titres émis sont soumis à une période de blocage réglementaire de quatre mois. L'entreprise a confirmé que ces émissions d'actions n'ont pas créé de nouvelle Personne de Contrôle.
CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) hat die Ausgabe von Stammaktien im Rahmen seiner Aktien für Dienstleistungsvereinbarungen mit der Geschäftsführung bekannt gegeben, die am 1. November 2024 in Kraft treten. Im Rahmen dieser Vereinbarung wurden 1.193.203 Aktien ausgegeben, was 15% der Gehälter der Geschäftsführung entspricht. Die ausgegebenen Wertpapiere unterliegen einer viermonatigen regulatorischen Sperrfrist. Das Unternehmen hat bestätigt, dass diese Aktienausgaben keine neue Kontrollperson geschaffen haben.
- Management interests aligned with shareholders through salary-to-shares conversion
- No creation of new Control Person, maintaining current ownership structure
- Share issuance creates dilution for existing shareholders
Vancouver, British Columbia--(Newsfile Corp. - February 21, 2025) - CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) ("CleanTech" or the "Company") announces that the following CleanTech common shares were issued pursuant to the Shares for Services Agreements with its senior management team effective November 1, 2024 and detailed in the news releases dated October 8, 2024 and November 14, 2024 (the "Shares for Services Agreement").
Since November 1, 2024, 1,193,203 shares have been issued under the Shares for Services Agreements in lieu of
The table below sets out each individual issuance:
| Name of Officer | Date of Issuance | Number of Shares | CAD $ Amount | Deemed Price per Share |
| Alex Bayer (Bayer Law Corporation) | November 1, 2024 | 33,332 | ||
| Alex Bayer (Bayer Law Corporation) | December 1, 2024 | 37,037 | ||
| Rob Van Drunen | December 1, 2024 | 92,593 | ||
| John Lee | December 1, 2024 | 44,444 | ||
| Ron Espell | December 1, 2024 | 142,694 | ||
| Alex Bayer (Bayer Law Corporation) | January 2, 2025 | 41,667 | ||
| Rob Van Drunen | January 2, 2025 | 104,167 | ||
| John Lee | January 2, 2025 | 50,000 | ||
| Ron Espell | January 2, 2025 | 164,874 | ||
| Alex Bayer (Bayer Law Corporation) | February 3, 2025 | 55,556 | ||
| Rob Van Drunen | February 3, 2025 | 138,889 | ||
| John Lee | February 3, 2025 | 66,667 | ||
| Ron Espell | February 3, 2025 | 221,283 | ||
| TOTAL: | 1,193,203 |
Securities issued pursuant to the Shares for Services Agreement are subject to regulatory four month hold periods.
The Company confirms that these shares issuances have not resulted in the creation of a new Control Person.
About CleanTech Vanadium Mining Corp.
CleanTech is an exploration-stage mining company focused on vanadium and critical mineral resources. The Company owns a
Further information on CleanTech can be found at www.cleantechvanadium.com.
CLEANTECH VANADIUM MINING CORP.
ON BEHALF OF THE BOARD
John Lee
Chief Executive Officer
For more information about CleanTech, please contact:
Suite 1610 - 409 Granville Street
Vancouver, BC V6C 1T2
Phone: 1.877.664.2535
Email: info@cleantechvanadium.com
Neither the 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 release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/241950
FAQ
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