Ridgeline Minerals Announces Grant of Incentive Stock Options

Rhea-AI Summary

Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) has announced the grant of 2,770,000 stock options to directors, officers, employees, and consultants. These options are exercisable at $0.155 per share for a five-year period. Additionally, the company has granted 1,000,000 deferred share units (DSUs) to directors and 425,000 restricted share units (RSUs) to eligible persons. The DSUs and RSUs are governed by Ridgeline's RSU/DSU Plan and will be subject to applicable securities law hold periods. This move is part of the company's incentive stock option plan, aimed at aligning the interests of key personnel with those of shareholders.

Positive

• Granting of stock options and share units may help retain and motivate key personnel
• Alignment of interests between company leadership and shareholders through equity-based compensation

Negative

• Potential dilution of existing shareholders' ownership due to the issuance of new equity instruments
• Exercise price of $0.155 per share for stock options may be below or near current market price, potentially reducing incentive effect

News Market Reaction – RDGMF

-2.61%

1 alert

-2.61% News Effect

On the day this news was published, RDGMF declined 2.61%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Ridgeline Minerals Corp. (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0) ("Ridgeline" or the "Company") today announces the Company has granted an aggregate of 2,770,000 stock options to directors, officers, employees and consultants of the Company in accordance with the Company's incentive stock option plan. These incentive stock options are exercisable at $0.155 per share for a period of five years. The Company also announces that it has granted an aggregate of 1,000,000 deferred share units, ("DSUs") to the directors of the Company and 425,000 restricted share units ("RSUs") to eligible persons of the Company. The DSUs and RSUs are governed by the Company's RSU/DSU Plan and will be subject to applicable securities law hold periods.

About Ridgeline Minerals Corp.
Ridgeline Minerals is a discovery focused precious and base metal explorer with a proven management team and a 201km² exploration portfolio across five projects in Nevada, USA. The Company is a hybrid explorer with a mix of 100%-owned exploration assets (Big Blue and Bell Creek) as well as two earn-in exploration agreements with Nevada Gold Mines at its Swift and Black Ridge projects and a third earn-in with South32 at its Selena project. More information about Ridgeline can be found at www.ridgelineminerals.com.

On behalf of the Board
"Chad Peters"
President & CEO

Further Information:
Chad Peters, P.Geo.
President, CEO & Director
Ridgeline Minerals Corp.
+1 775 304 9773
cpeters@ridgelineminerals.com

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223135

FAQ

How many stock options did Ridgeline Minerals (RDGMF) grant in September 2024?

Ridgeline Minerals (RDGMF) granted 2,770,000 stock options to directors, officers, employees, and consultants in September 2024.

What is the exercise price and duration of the stock options granted by Ridgeline Minerals (RDGMF)?

The stock options granted by Ridgeline Minerals (RDGMF) are exercisable at $0.155 per share for a period of five years.

How many deferred share units (DSUs) and restricted share units (RSUs) did Ridgeline Minerals (RDGMF) grant?

Ridgeline Minerals (RDGMF) granted 1,000,000 deferred share units (DSUs) to directors and 425,000 restricted share units (RSUs) to eligible persons.

What plan governs the DSUs and RSUs granted by Ridgeline Minerals (RDGMF)?

The DSUs and RSUs granted by Ridgeline Minerals (RDGMF) are governed by the Company's RSU/DSU Plan and are subject to applicable securities law hold periods.