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Onyx Gold Issues Incentive Stock Options

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Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) has announced the granting of incentive stock options under its Omnibus Share Incentive Plan. The company has issued a total of 1,650,000 Options to officers, directors, employees, and consultants. These Options have been granted at an exercise price of $0.20 per share and are valid for a five-year period. All Options are subject to a vesting schedule over the first 24 months. This issuance of Options follows the company's annual compensation review.

Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ha annunciato l'assegnazione di opzioni azionarie incentivanti nell'ambito del suo Omnibus Share Incentive Plan. L'azienda ha emesso un totale di 1.650.000 opzioni a funzionari, membri del consiglio, dipendenti e consulenti. Queste opzioni sono state concesse a un prezzo di esercizio di $0,20 per azione e sono valide per un periodo di cinque anni. Tutte le opzioni sono soggette a un programma di maturazione nei primi 24 mesi. Questa emissione di opzioni segue la revisione annuale della retribuzione dell'azienda.

Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ha anunciado la concesión de opciones de acciones de incentivo bajo su Plan de Incentivo de Acciones Omnibus. La empresa ha emitido un total de 1,650,000 opciones a funcionarios, directores, empleados y consultores. Estas opciones se han concedido a un precio de ejercicio de $0.20 por acción y son válidas por un período de cinco años. Todas las opciones están sujetas a un cronograma de consolidación durante los primeros 24 meses. Esta emisión de opciones sigue la revisión anual de compensación de la empresa.

Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF)은 자사의 총체적인 주식 인센티브 계획에 따라 인센티브 스톡 옵션을 부여했다고 발표했습니다. 회사는 임원, 이사, 직원 및 상담자를 위해 총 1,650,000개의 옵션을 발행했습니다. 이 옵션들은 주당 $0.20의 행사 가격으로 부여되었으며, 5년간 유효합니다. 모든 옵션은 첫 24개월 동안의 조기 분배 일정을 따릅니다. 이 옵션의 발행은 회사의 연간 보상 검토에 따른 것입니다.

Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) a annoncé l'octroi de stock options incitatives dans le cadre de son Plan Omnibus d'Incentive de Partage. L'entreprise a émis un total de 1 650 000 options à des dirigeants, administrateurs, employés et consultants. Ces options ont été accordées à un prix d'exercice de 0,20 $ par action et sont valables pour une durée de cinq ans. Toutes les options sont soumises à un calendrier d'acquisition au cours des 24 premiers mois. Cette émission d'options fait suite à la révision annuelle des compensations de l'entreprise.

Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) hat die Gewährung von Anreizaktienoptionen im Rahmen seines Omnibus-Aktienoptionsplans bekannt gegeben. Das Unternehmen hat insgesamt 1.650.000 Optionen an Führungskräfte, Direktoren, Mitarbeiter und Berater ausgegeben. Diese Optionen wurden zu einem Ausübungspreis von $0,20 pro Aktie gewährt und sind für einen Zeitraum von fünf Jahren gültig. Alle Optionen unterliegen einem Vesting-Plan über die ersten 24 Monate. Diese Optionsvergabe folgt der jährlichen Vergütungsüberprüfung des Unternehmens.

Positive
  • Incentive stock options granted to align interests of key personnel with shareholders
  • Five-year option period provides long-term incentive for recipients
Negative
  • Potential dilution of existing shareholders' ownership if options are exercised

Vancouver, British Columbia--(Newsfile Corp. - October 4, 2024) - Onyx Gold Corp. (TSXV: ONYX) (OTCQX: ONXGF) ("Onyx Gold" or the "Company") announces that it has granted incentive stock options (the "Options") under the Company's Omnibus Share Incentive Plan to officers, directors, employees, and consultants of the Company. An aggregate of 1,650,000 Options were granted at an exercise price of $0.20 per share for a period of five years. All of the Options are subject to vesting over the first 24 months. The Options are being issued following the Company's annual compensation review.

About Onyx Gold

Onyx Gold is an exploration company focused on well-established Canadian mining jurisdictions, with assets in Timmins, Ontario, and Yukon Territory. The Company's extensive portfolio of quality gold projects (440 km2) in the greater Timmins gold camp includes the Munro-Croesus Gold property, renowned for its high-grade mineralization, plus two additional earlier-stage large exploration properties, Golden Mile and Timmins South. Onyx Gold also controls four properties totaling 227 km2 in the Selwyn Basin area of Yukon Territory, which is currently gaining significance due to recent discoveries in the area. Onyx Gold's experienced board and senior management team are committed to creating shareholder value through the discovery process, careful allocation of capital, and environmentally/socially responsible mineral exploration.

On Behalf of Onyx Gold Corp.

"Brock Colterjohn"

President & CEO

For further information, please visit the Onyx Gold Corp. website at www.onyxgold.com or contact:

Brock Colterjohn, President & CEO

or

Nicole Hoeller, VP of Corporate Communications
Phone: 1-604-283-3341
Email: nicole@onyxgold.com or information@onyxgold.com

Website: www.onyxgold.com
LinkedIn: https://www.linkedin.com/company/onyx-gold-corp/?viewAsMember=true
Twitter: https://twitter.com/OnyxGoldCorp

NOTE: Neither 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/225666

FAQ

How many stock options did Onyx Gold Corp. (ONXGF) grant on October 4, 2024?

Onyx Gold Corp. granted 1,650,000 incentive stock options on October 4, 2024.

What is the exercise price for the stock options issued by Onyx Gold Corp. (ONXGF)?

The exercise price for the stock options issued by Onyx Gold Corp. is $0.20 per share.

What is the vesting period for the stock options granted by Onyx Gold Corp. (ONXGF)?

The stock options granted by Onyx Gold Corp. are subject to vesting over the first 24 months.

How long are the stock options valid for Onyx Gold Corp. (ONXGF)?

The stock options granted by Onyx Gold Corp. are valid for a period of five years.

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Gold
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United States of America
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