Horizon Copper Grants Restricted Share Rights

Rhea-AI Summary

Horizon Copper Corp. (TSXV: HCU) (OTCQX: HNCUF) has announced the granting of 1,240,000 Restricted Share Rights (RSRs) to its officers, directors, employees, and consultants under the Company's Equity Incentive Plan. The RSRs will vest in three equal annual tranches over a three-year period, with the first vesting occurring on the first anniversary of the grant date.

Positive

• None.

Negative

• Potential dilution of shareholder value through issuance of 1,240,000 new RSRs

News Market Reaction

+8.56%

1 alert

+8.56% News Effect

On the day this news was published, HNCUF gained 8.56%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

VANCOUVER, BC, Dec. 12, 2024 /PRNewswire/ - Horizon Copper Corp. (TSXV: HCU) (OTCQX: HNCUF) ("Horizon Copper", "Horizon", or the "Company") announces that it has granted an aggregate of 1,240,000 Restricted Share Rights ("RSRs") to certain officers, directors, employees, and consultants of the Company pursuant to the Company's Equity Incentive Plan. The RSRs vest annually in three equal tranches over a three-year period, beginning on the first anniversary of the grant date.

ABOUT HORIZON COPPER

Horizon Copper is a premier copper company holding a portfolio of unparalleled copper assets including a 1.66% net profits interest on the Antamina copper mine, exposure to the Oyu Tolgoi copper mine through a 24% equity ownership in Entrée Resources Ltd., and a 30% interest in the copper-gold Hod Maden project. Horizon plans to actively grow its portfolio of assets with a focus on copper projects.

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.

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SOURCE Horizon Copper Corp.

FAQ

How many Restricted Share Rights (RSRs) did Horizon Copper (HNCUF) grant in December 2023?

Horizon Copper granted 1,240,000 Restricted Share Rights (RSRs) to officers, directors, employees, and consultants in December 2023.

What is the vesting schedule for Horizon Copper's (HNCUF) December 2023 RSR grant?

The RSRs vest annually in three equal tranches over a three-year period, starting from the first anniversary of the grant date.

Who received the RSRs in Horizon Copper's (HNCUF) December 2023 grant?

The RSRs were granted to certain officers, directors, employees, and consultants of Horizon Copper.

Under which plan were Horizon Copper's (HNCUF) RSRs granted?

The RSRs were granted pursuant to the Company's Equity Incentive Plan.