Magna Mining Announces Grants of Security-Based Compensation
Magna Mining (OTCQX:MGMNF) has announced new security-based compensation grants for its non-executive directors. The company granted 44,073 deferred share units that will vest upon directors' retirement, and 278,363 options with immediate vesting at an exercise price of $2.70 per share, exercisable for five years.
These grants were made under Magna's newly approved omnibus equity incentive plan, which was authorized by shareholders on June 26, 2025. The plan operates as a "rolling" 10% plan, limiting total security-based compensation to 10% of outstanding common shares.
Magna Mining (OTCQX:MGMNF) ha annunciato nuove assegnazioni di compensi basati su strumenti di capitale per i suoi amministratori non esecutivi. La società ha concesso 44.073 unità differite di azioni che matureranno al momento del pensionamento dei direttori e 278.363 opzioni con maturazione immediata, al prezzo di esercizio di $2,70 per azione e esercitabili per cinque anni.
Le assegnazioni sono state effettuate ai sensi del nuovo piano omnibus di incentivazione azionaria di Magna, approvato dagli azionisti il 26 giugno 2025. Il piano è di tipo "rolling" al 10%, limitando la compensazione totale basata su strumenti di capitale al 10% delle azioni ordinarie in circolazione.
Magna Mining (OTCQX:MGMNF) ha comunicado nuevas concesiones de remuneración basada en valores para sus directores no ejecutivos. La compañía otorgó 44.073 unidades de acciones diferidas que devengarán al jubilación de los directores y 278.363 opciones con adquisición inmediata, a un precio de ejercicio de $2,70 por acción, ejercitables durante cinco años.
Estas concesiones se realizaron en el marco del nuevo plan omnibus de incentivos de capital de Magna, aprobado por los accionistas el 26 de junio de 2025. El plan funciona como un esquema "rolling" del 10%, limitando la remuneración total basada en valores al 10% de las acciones ordinarias en circulación.
Magna Mining (OTCQX:MGMNF)는 비집행 이사들을 위한 새로운 증권 기반 보상 부여를 발표했습니다. 회사는 이사 퇴임 시 점유되는 44,073개의 이연주식단위(DSU)와 즉시 권리확보되는 278,363개의 스톡옵션을 부여했으며, 행사가격은 주당 $2.70, 행사 기간은 5년입니다.
이들 부여는 2025년 6월 26일 주주 승인으로 새로 도입된 Magna의 옴니버스 주식 인센티브 플랜에 따라 이루어졌습니다. 해당 플랜은 발행주식의 10% 한도의 '롤링' 10% 플랜으로, 전체 증권 기반 보상은 유통 보통주수의 10% 이내로 제한됩니다.
Magna Mining (OTCQX:MGMNF) a annoncé de nouvelles attributions de rémunération en valeurs mobilières destinées à ses administrateurs non exécutifs. La société a accordé 44 073 unités d'actions différées qui seront acquises au départ à la retraite des administrateurs, ainsi que 278 363 options avec acquisition immédiate, au prix d'exercice de 2,70 $ par action, exerçables pendant cinq ans.
Ces attributions ont été effectuées dans le cadre du nouveau plan omnibus d'incitation en actions de Magna, approuvé par les actionnaires le 26 juin 2025. Le plan fonctionne comme un dispositif "rolling" à 10 %, limitant la rémunération totale en valeurs mobilières à 10 % des actions ordinaires en circulation.
Magna Mining (OTCQX:MGMNF) hat neue wertpapierbasierte Vergütungszuteilungen für seine nichtgeschäftsführenden Direktoren bekanntgegeben. Das Unternehmen gewährte 44.073 Deferred Share Units, die bei Pensionierung der Direktoren vesten, sowie 278.363 Optionen mit sofortiger Vesting-Phase zum Ausübungspreis von $2,70 pro Aktie; ausübbar über einen Zeitraum von fünf Jahren.
Die Zuteilungen erfolgten im Rahmen des neu genehmigten omnibus-Aktienanreizplans von Magna, der von den Aktionären am 26. Juni 2025 genehmigt wurde. Der Plan ist ein "rolling"-Plan mit 10%-Deckelung und begrenzt die gesamte wertpapierbasierte Vergütung auf 10% der ausstehenden Stammaktien.
- Immediate vesting of options provides instant alignment with shareholder interests
- Rolling 10% plan ensures controlled dilution limits
- Potential dilution from issuance of new shares through options and DSUs
- Additional compensation expense for the company
Sudbury, Ontario--(Newsfile Corp. - September 4, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") announces the following grants of security-based compensation to non-executive directors of the Company, effective September 4, 2025.
- 44,073 deferred share units were granted to non-executive directors of the Company. Each deferred share unit will vest upon a director's retirement from the Board of Directors and will entitle the holder to receive one common share.
- 278,363 options were granted to non-executive directors of the Company. Each option shall vest immediately and is exercisable to acquire one common share at an exercise price of
$2.70 per common share for a period of five years from the date of grant.
All grants have been made under the Company's omnibus equity incentive plan (the "Omnibus Plan") that was approved by the shareholders of the Company on June 26, 2025. The Omnibus Plan is a "rolling"
For additional information regarding the Omnibus Plan, please refer to the management information circular of the Company dated May 26, 2025, which is accessible on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. The Omnibus Plan has received conditional acceptance from the TSX Venture Exchange.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.
About Magna Mining Inc.
Magna Mining Inc. is a producing mining company with a strong portfolio of copper, nickel, and platinum group metals (PGM) assets located in the world-class Sudbury mining district of Ontario, Canada. The Company's primary asset is the McCreedy West Mine, currently in production, supported by a pipeline of highly prospective past-producing properties including Levack, Crean Hill, Podolsky, and Shakespeare.
Magna Mining is strategically positioned to unlock long-term shareholder value through continued production, exploration upside, and near-term development opportunities across its asset base.
Additional corporate and project information is available at www.magnamining.com and through the Company's public filings on the SEDAR+ website at www.sedarplus.ca.
For further information, please contact:
Jason Jessup
Chief Executive Officer
Or
Paul Fowler, CFA
Executive Vice President
705-482-9667
Email: info@magnamining.com
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/265069
FAQ
How many options did Magna Mining (MGMNF) grant to its directors in September 2025?
What is the vesting period for Magna Mining's deferred share units granted in September 2025?
What is Magna Mining's omnibus equity incentive plan limit?
When was Magna Mining's omnibus equity incentive plan approved by shareholders?
What types of securities can be granted under Magna Mining's omnibus plan?
