Premium Nickel Resources Ltd. Announces Director DSU Grant
Premium Nickel Resources (TSXV: PNRL, OTCQX: PNRLF) announced the granting of 350,202 deferred share units (DSUs) to its non-management directors. These DSUs were issued at a deemed price of $0.81 per unit, reflecting the volume-weighted average price of the company's common shares on the TSX Venture Exchange over the last five trading days before the grant date. This issuance compensates the directors for services rendered in the quarter ending June 30, 2024. The DSUs were granted in alignment with the company's Deferred Share Unit Plan adopted on December 26, 2022. In total, the company has issued 1,393,676 DSUs to its non-management directors.
- Granted DSUs reflect company’s adherence to its Deferred Share Unit Plan.
- Issuing DSUs aligns director compensation with shareholder interests, potentially improving governance.
- Issuance of additional DSUs may lead to shareholder dilution.
- Company’s stock price at $0.81 reflects lower valuation.
Toronto, Ontario--(Newsfile Corp. - July 8, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") announces that it has granted an aggregate of 350,202 deferred share units ("DSUs") to its non-management directors at a deemed price of
About Premium Nickel Resources Ltd.
PNRL is a mineral exploration and development company that is focused on the redevelopment of the previously producing nickel, copper and cobalt resources mines owned by the Company in the Republic of Botswana.
PNRL is committed to governance through transparent accountability and open communication within our team and our stakeholders. Our skilled team has worked over 100 projects collectively, accumulating over 400 years of resource discoveries, mine development and mine re-engineering experience on projects like the Company's Selebi and Selkirk mines. PNRL's senior team members have on average more than 20 years of experience in every single aspect of mine discovery and development, from geology to operations.
ON BEHALF OF THE BOARD OF DIRECTORS
Keith Morrison
Director and Chief Executive Officer
Premium Nickel Resources Ltd.
For further information about Premium Nickel Resources Ltd., please contact:
Jaclyn Ruptash
Vice President, Communications and Government and Investor Relations
+1 (604) 770-4334
Cautionary Note Regarding Forward-Looking Statements:
This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. For the purposes of this release, forward looking information includes, but is not limited to, the Company's ability to advance its mineral projects in the Republic of Botswana. These forward-looking statements, by their nature, require the Company to make certain assumptions and necessarily involve known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; the ability of exploration results to predict mineralization or the feasibility of mine production; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Company's public disclosure record on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
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 news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/215697
FAQ
What is the purpose of Premium Nickel Resources 's DSU grant?
At what price were the DSUs granted to Premium Nickel Resources 's non-management directors?
How was the price of the DSUs determined by Premium Nickel Resources ?
How many DSUs has Premium Nickel Resources issued in total to its non-management directors?
When was the Deferred Share Unit Plan adopted by Premium Nickel Resources ?
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