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Giga Metals - Options Granted

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Giga Metals (TSX.V - GIGA) announced the granting of 1,000,000 stock options to Directors, Employees and Consultants. The options are exercisable at $0.20 per share and will expire on November 14, 2029. The vesting schedule includes 25% immediate vesting, with an additional 25% vesting annually. All options will fully vest in the event of a company change of control.

Giga Metals (TSX.V - GIGA) ha annunciato l'assegnazione di 1.000.000 opzioni su azioni a Direttori, Dipendenti e Consulenti. Le opzioni sono esercitabili a 0,20 $ per azione e scadranno il 14 novembre 2029. Il piano di maturazione prevede un'immediata maturazione del 25%, con un ulteriore 25% che matura annualmente. Tutte le opzioni matureranno completamente in caso di un cambiamento di controllo della società.

Giga Metals (TSX.V - GIGA) anunció la concesión de 1,000,000 opciones sobre acciones a Directores, Empleados y Consultores. Las opciones se pueden ejercer a $0.20 por acción y vencerán el 14 de noviembre de 2029. El calendario de adquisición incluye un 25% de adquisición inmediata, con un 25% adicional que se adquirirá anualmente. Todas las opciones se adquirirán completamente en caso de un cambio de control de la empresa.

기가 메탈스 (TSX.V - GIGA)는 이사, 직원 및 컨설턴트에게 1,000,000 주식 옵션을 부여했다고 발표했습니다. 옵션은 주당 $0.20에 행사할 수 있으며 2029년 11월 14일에 만료됩니다. 베스팅 계획에는 즉시 25% 베스팅이 포함되며, 매년 추가로 25%가 베스팅됩니다. 회사의 지배구조 변경 시 모든 옵션이 완전히 베스팅됩니다.

Giga Metals (TSX.V - GIGA) a annoncé l'attribution de 1.000.000 options d'achat d'actions à des Directeurs, Employés et Consultants. Les options sont exerçables à 0,20 $ par action et expireront le 14 novembre 2029. Le calendrier d'acquisition comprend 25 % d'acquisition immédiate, avec 25 % supplémentaires acquis annuellement. Toutes les options seront complètement acquises en cas de changement de contrôle de l'entreprise.

Giga Metals (TSX.V - GIGA) hat die Gewährung von 1.000.000 Aktienoptionen an Direktoren, Mitarbeiter und Berater bekannt gegeben. Die Optionen sind ausübbar zu $0,20 pro Aktie und laufen am 14. November 2029 aus. Der Vesting-Plan sieht eine sofortige Vesting von 25% vor, mit weiteren 25% die jährlich vesten. Alle Optionen werden vollständig vesten, falls es zu einer Übernahme des Unternehmens kommt.

Positive
  • None.
Negative
  • Potential shareholder dilution through 1,000,000 new stock options

VANCOUVER, British Columbia, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Giga Metals Corporation (TSX.V - GIGA) today announced that, pursuant to its Stock Option Plan, approved by the TSX Venture Exchange, the Company will be granting 1,000,000 stock options to certain Directors, Employees and Consultants, exercisable at $0.20 per share, expiring November 14, 2029. 25% of the options will vest immediately, with an additional 25% vesting on each anniversary after issuance. 100% of the options will vest in the event of a change of control of the Company.

On behalf of the Board of Directors,
 
“Mark Jarvis”
 
MARK JARVIS, CEO
GIGA METALS CORPORATION
Tel – 604 681 2300


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 release.

Suite 203 – 700 West Pender St., Vancouver, BC, Canada V6C 1G8
T: 604-681-2300     E: info@gigametals.com     W: www.gigametals.com
 

FAQ

What is the exercise price of Giga Metals' (GIGGF) November 2024 stock options?

The stock options granted by Giga Metals in November 2024 have an exercise price of $0.20 per share.

How many stock options did Giga Metals (GIGGF) grant in November 2024?

Giga Metals granted 1,000,000 stock options to Directors, Employees and Consultants in November 2024.

What is the vesting schedule for Giga Metals' (GIGGF) November 2024 stock options?

The options vest 25% immediately, with an additional 25% vesting each year. 100% vest immediately upon a change of control.

When do Giga Metals' (GIGGF) November 2024 stock options expire?

The stock options expire on November 14, 2029.

GIGA METALS CORP

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