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ATEX Announces Grant of Incentive Stock Options and Restricted Share Units

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ATEX Resources has announced the grant of 2,290,870 incentive stock options to employees, including 1,474,650 to officers. The options allow holders to purchase ATEX common shares at $1.63 per share over a five-year period. Additionally, the company granted 422,098 restricted share units (RSUs) to directors, which will vest upon their departure from the Board. Both grants were made in accordance with the company's respective Stock Option and RSU Plans.

ATEX Resources ha annunciato l'assegnazione di 2.290.870 opzioni di acquisto di azioni incentivanti ai dipendenti, di cui 1.474.650 agli dirigenti. Le opzioni consentono ai detentori di acquistare azioni ordinarie di ATEX a 1,63 $ per azione per un periodo di cinque anni. Inoltre, l'azienda ha concesso 422.098 unità di azioni vincolate (RSU) ai membri del consiglio, che diventeranno completamente assegnate al termine della loro carica. Entrate due concessioni sono state effettuate conformemente ai rispettivi Piani di Opzioni Azionarie e RSU dell'azienda.

ATEX Resources ha anunciado la concesión de 2.290.870 opciones de acciones incentivadas a empleados, incluyendo 1.474.650 a oficiales. Las opciones permiten a los titulares comprar acciones comunes de ATEX a $1.63 por acción durante un período de cinco años. Además, la compañía otorgó 422.098 unidades de acciones restringidas (RSUs) a directores, las cuales se consolidarán al momento de su salida de la Junta. Ambas concesiones se realizaron de conformidad con los respectivos Planes de Opciones de Acciones y RSU de la empresa.

ATEX Resources는 직원에게 2,290,870 개의 인센티브 주식 옵션을 부여했다고 발표했습니다. 여기에는 임원에게 1,474,650 개가 포함됩니다. 이 옵션은 보유자가 5년 동안 주당 $1.63에 ATEX 보통주를 구매할 수 있도록 허용합니다. 또한, 회사는 이사회로부터 퇴임 시에 배정될 422,098 개의 제한 주식 단위(RSU)를 이사에게 부여했습니다. 두 가지 부여는 회사의 각 주식 옵션 및 RSU 계획에 따라 이루어졌습니다.

ATEX Resources a annoncé l'octroi de 2.290.870 options d'achat d'actions incitatives aux employés, y compris 1.474.650 aux dirigeants. Les options permettent aux détenteurs d'acheter des actions ordinaires d'ATEX à 1,63 $ par action pendant une période de cinq ans. De plus, la société a accordé 422.098 unités d'actions restreintes (RSUs) aux administrateurs, qui deviendront acquises lors de leur départ du Conseil. Les deux octrois ont été réalisés conformément aux plans d'options d'achat d'actions et de RSU respectifs de l'entreprise.

ATEX Resources hat die Gewährung von 2.290.870 Anreiz-Aktienoptionen an Mitarbeiter, einschließlich 1.474.650 an Führungskräfte, bekannt gegeben. Die Optionen ermöglichen den Inhabern den Kauf von ATEX-Stammaktien zu einem Preis von 1,63 $ pro Aktie über einen Zeitraum von fünf Jahren. Darüber hinaus hat das Unternehmen 422.098 Restricted Share Units (RSUs) an Direktorinnen und Direktoren gewährt, die bei ihrem Austritt aus dem Vorstand fällig werden. Beide Gewährungen erfolgten gemäß den jeweiligen Aktienoptions- und RSU-Plänen des Unternehmens.

Positive
  • None.
Negative
  • Potential shareholder dilution through issuance of 2.7M new shares via stock options and RSUs

Toronto, Ontario--(Newsfile Corp. - October 28, 2024) - ATEX Resources Inc. (TSXV: ATX) ("ATEX" or the "Company") is pleased to announce that in accordance with its Stock Option Plan, it has granted an aggregate of 2,290,870 incentive stock options to employees of which 1,474,650 have been granted to officers. Each option entitles the holder to acquire one ATEX common share at an exercise price of $1.63 over a period of five years. In addition, 422,098 restricted share units ("RSU") have been granted to directors of the Company and will vest on the date of termination of his or her membership on the Board. The RSUs were granted in accordance with the Company's Restricted Share Unit Plan.

About ATEX

ATEX is exploring the Valeriano Copper-Gold Project which is located within the emerging copper gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north, located in the Atacama Region, Chile. This emerging belt, informally referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of development including, Filo del Sol (Filo Mining), Josemaria (Lundin Mining), Los Helados (NGEX Minerals/JX Nippon), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick Gold). The Valeriano Project hosts a large copper gold porphyry mineral resource: 1.41 billion tonnes at 0.67% CuEq (0.50% Cu, 0.20 g/t Au, 0.96 g/t Ag and 63.80 g/t Mo), which includes a higher-grade core totaling 200 million tonnes at 0.84% CuEq (0.62% Cu, 0.29 g/t Au 1.25 g/t Ag and 55.7 g/t Mo), as reported by ATEX on September 12, 20231.

For further information, please contact:

Ben Pullinger,
President and CEO
Email: bpullinger@atexresources.com

Aman Atwal,
Vice President, Business Development and Investor Relations
Email: aatwal@atexresources.com

1-647-398-9405
or visit ATEX's website at www.atexresources.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS:

This news release contains forward-looking statements, including predictions, projections, and forecasts. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "planning", "expects" or "does not expect", "continues", "scheduled", "estimates", "forecasts", "intends", "potential", "anticipates", "does not anticipate", or describes a "goal", or variation of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved. Forward-looking statements involve known and unknown risks, future events, conditions, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, prediction, projection, forecast, performance or achievements expressed or implied by the forward-looking statements.

Such forward-looking statements include, among others: the issuance of common shares or making of cash payments, as applicable, upon exercise of stock options or settlement of RSUs, including any vesting thereof; as well as those factors disclosed in ATEX's publicly filed documents.

Although ATEX has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepts
responsibility for the adequacy or accuracy of the content of this news release.


1 Please see NI 43-101 technical report titled "Independent Technical Report for the Valeriano Copper-Gold Project, Atacama Region, Chile" by Joled Nur, CCCRRM-Chile, and David Hopper, CGeol, with an effective date of September 1, 2023, filed at www.sedarplus.ca on October 25, 2023, for additional details on the 2023 Mineral Resource Estimate for the Valeriano project.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228106

FAQ

How many stock options did ATEX Resources (ATX) grant in October 2024?

ATEX Resources granted 2,290,870 incentive stock options, with 1,474,650 granted to officers.

What is the exercise price for ATEX Resources' October 2024 stock options?

The exercise price for the stock options is $1.63 per share.

How many RSUs did ATEX Resources grant to directors in October 2024?

ATEX Resources granted 422,098 restricted share units (RSUs) to directors.

When do ATEX Resources' October 2024 RSUs vest?

The RSUs will vest on the date when the director's membership on the Board terminates.

ATEX RESOURCES INC

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