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Sonoran Desert Copper Corporation Issues Options

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Sonoran Desert Copper (TSXV: SDCU) has announced changes to its stock option issuance. The company has cancelled the previously announced issuance of 1.55 million options at $0.20 per share, which was disclosed in a news release on June 27, 2024. Instead, SDCU will now grant 1.55 million stock options to its officers and directors. These new options will have an exercise price of $0.25 per share and will expire five years from the date of grant. This adjustment represents a 25% increase in the exercise price compared to the cancelled options.

Sonoran Desert Copper (TSXV: SDCU) ha annunciato modifiche all'emissione delle sue opzioni su azioni. L'azienda ha annullato l'emissione precedentemente annunciata di 1,55 milioni di opzioni a $0,20 per azione, che era stata comunicata in un comunicato stampa il 27 giugno 2024. Invece, SDCU concederà ora 1,55 milioni di opzioni su azioni ai suoi dirigenti e amministratori. Queste nuove opzioni avranno un prezzo di esercizio di $0,25 per azione e scadranno dopo cinque anni dalla data di concessione. Questa modifica rappresenta un aumento del 25% rispetto al prezzo d'esercizio delle opzioni annullate.

Sonoran Desert Copper (TSXV: SDCU) ha anunciado cambios en la emisión de sus opciones sobre acciones. La compañía ha cancelado la emisión previamente anunciada de 1.55 millones de opciones a $0.20 por acción, la cual fue divulgada en un comunicado de prensa el 27 de junio de 2024. En cambio, SDCU ahora otorgará 1.55 millones de opciones sobre acciones a sus funcionarios y directores. Estas nuevas opciones tendrán un precio de ejercicio de $0.25 por acción y expirarán en cinco años a partir de la fecha de otorgamiento. Este ajuste representa un aumento del 25% en el precio de ejercicio en comparación con las opciones canceladas.

Sonoran Desert Copper (TSXV: SDCU)는 주식 옵션 발행의 변경 사항을 발표했습니다. 이 회사는 2024년 6월 27일 보도자료에서 발표한 155만 개 옵션의 발행을 취소했습니다. 대신, SDCU는 이제 155만 개의 주식 옵션임원 및 이사에게 부여할 것입니다. 새로운 옵션의 행사 가격은 주당 $0.25이며, 부여일로부터 5년 후에 만료됩니다. 이 조정은 취소된 옵션에 비해 25% 증가한 행사 가격을 의미합니다.

Sonoran Desert Copper (TSXV: SDCU) a annoncé des modifications concernant l'émission de ses options sur actions. La société a annulé l'émission précédemment annoncée de 1,55 million d'options au prix de $0,20 par action, qui avait été divulguée dans un communiqué de presse le 27 juin 2024. Au lieu de cela, SDCU va désormais attribuer 1,55 million d'options sur actions à ses dirigeants et administrateurs. Ces nouvelles options auront un prix d'exercice de $0,25 par action et expireront dans cinq ans à compter de la date d'attribution. Cet ajustement représente une augmentation de 25% du prix d'exercice par rapport aux options annulées.

Sonoran Desert Copper (TSXV: SDCU) hat Änderungen bei der Ausgabe seiner Aktienoptionen angekündigt. Das Unternehmen hat die zuvor angekündigte Ausgabe von 1,55 Millionen Optionen zu $0,20 pro Aktie eingestellt, die am 27. Juni 2024 in einer Pressemitteilung bekannt gegeben wurde. Stattdessen wird SDCU nun 1,55 Millionen Aktienoptionen an seine Führungskräfte und Direktoren vergeben. Diese neuen Optionen werden einen Ausübungspreis von $0,25 pro Aktie haben und in fünf Jahren nach dem Vergabedatum ablaufen. Diese Anpassung stellt eine 25%ige Erhöhung des Ausübungspreises im Vergleich zu den stornierten Optionen dar.

Positive
  • Increased exercise price of stock options from $0.20 to $0.25, potentially indicating management's confidence in future stock performance
  • Alignment of interests between officers, directors, and shareholders through stock option grants
Negative
  • Cancellation of previously announced stock options may create uncertainty among investors
  • Higher exercise price could potentially reduce the attractiveness of options for recipients

Vancouver, British Columbia--(Newsfile Corp. - August 9, 2024) - Sonoran Desert Copper Corporation (TSXV: SDCU) ("SDCU'' or the "Company") announces that the issuance of 1.55 million options at $0.20 announced in the Company's June 27, 2024 news release was cancelled. The Company further announces that 1.55 million stock options will now be granted to officers and directors of the company. The options will have an exercise price of $0.25 per share, and expire five years from the date of the grant.

ABOUT SONORAN DESERT COPPER CORPORATION
Sonoran Desert Copper Corporation is focused on securing, developing and monetizing materials assets and technologies to build shareholder value.

On behalf of the Board of Directors of
SONORAN DESERT COPPER CORPORATION

"Brian Leeners"

Brian Leeners, CEO & Director
brianleeners@gmail.com / +1 604-862-4184 (WhatsApp)

FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/219394

FAQ

What changes did Sonoran Desert Copper (TSXV: SDCU) make to its stock option issuance?

SDCU cancelled the previously announced 1.55 million options at $0.20 and will now grant 1.55 million stock options to officers and directors at an exercise price of $0.25 per share, expiring in five years.

What is the new exercise price for Sonoran Desert Copper 's (TSXV: SDCU) stock options?

The new exercise price for SDCU's stock options is $0.25 per share, an increase from the previously announced $0.20 per share.

How long will the newly issued stock options for Sonoran Desert Copper (TSXV: SDCU) be valid?

The newly issued stock options for SDCU will expire five years from the date of grant.

Who are the recipients of the new stock options issued by Sonoran Desert Copper (TSXV: SDCU)?

The new stock options will be granted to officers and directors of Sonoran Desert Copper

SONORAN DESERT COPPER CP

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