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Atlas Salt Inc. Announces Grants of Deferred Share Units

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Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) has announced the grant of 850,000 deferred share units to certain directors of the company. This decision was approved by the company's board of directors and is in accordance with Atlas Salt's Equity Incentive Plan. The grants are subject to the terms outlined in the applicable grant agreements and must comply with the TSX Venture Exchange requirements. This move represents a form of equity-based compensation for the company's directors, potentially aligning their interests with those of the shareholders.

Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) ha annunciato l'assegnazione di 850.000 unità di azioni differite a determinati membri del consiglio di amministrazione dell'azienda. Questa decisione è stata approvata dal consiglio di amministrazione della società ed è conforme al Piano di Incentivi Azionari di Atlas Salt. Le attribuzioni sono soggette ai termini delineati negli accordi di concessione applicabili e devono essere conformi ai requisiti della TSX Venture Exchange. Questa mossa rappresenta una forma di compenso basato su azioni per i membri del consiglio dell'azienda, allineando potenzialmente i loro interessi con quelli degli azionisti.

Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) ha anunciado la concesión de 850,000 unidades de acciones diferidas a ciertos directores de la empresa. Esta decisión fue aprobada por la junta directiva de la compañía y se encuentra en conformidad con el Plan de Incentivos de Capital de Atlas Salt. Las concesiones están sujetas a los términos establecidos en los respectivos acuerdos de concesión y deben cumplir con los requisitos de la TSX Venture Exchange. Esta medida representa una forma de compensación basada en capital para los directores de la empresa, alineando potencialmente sus intereses con los de los accionistas.

Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF)는 특정 이사들에게 850,000개의 유예 주식 단위를 부여한다고 발표했습니다. 이 결정은 회사의 이사회에 의해 승인되었으며, Atlas Salt의 주식 인센티브 계획에 따라 이루어졌습니다. 부여는 적용 가능한 부여 계약서에 명시된 조건을 따르며, TSX 벤처 거래소의 요구사항을 준수해야 합니다. 이 조치는 회사 이사들에게 주식 기반 보상을 제공하는 형태로, 그들의 이해관계를 주주와 잠재적으로 일치시킬 수 있습니다.

Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) a annoncé l'octroi de 850 000 unités d'actions différées à certains administrateurs de l'entreprise. Cette décision a été approuvée par le conseil d'administration de la société et est conforme au Plan d'incitation en actions d'Atlas Salt. Les attributions sont soumises aux termes décrits dans les accords d'octroi applicables et doivent respecter les exigences de la TSX Venture Exchange. Cette initiative représente une forme de rémunération basée sur les actions pour les administrateurs de l'entreprise, potentiellement alignant leurs intérêts sur ceux des actionnaires.

Atlas Salt Inc. (TSXV:SALT)(OTCQB:REMRF) hat die Gewährung von 850.000 aufgeschobenen Aktieneinheiten an bestimmte Direktoren des Unternehmens bekannt gegeben. Diese Entscheidung wurde vom Vorstand des Unternehmens genehmigt und entspricht dem Aktienanreizplan von Atlas Salt. Die Zuwendungen unterliegen den in den jeweiligen Vergabevereinbarungen festgelegten Bedingungen und müssen die Anforderungen der TSX Venture Exchange erfüllen. Dieser Schritt stellt eine Form der aktienbasierten Vergütung für die Direktoren des Unternehmens dar und kann deren Interessen potenziell mit den der Aktionäre in Einklang bringen.

Positive
  • Alignment of director interests with shareholders through equity-based compensation
Negative
  • Potential dilution of existing shareholders' ownership

ST. JOHN'S, NL / ACCESSWIRE / July 23, 2024 / Atlas Salt Inc. ("Atlas" or the "Company") (TSXV:SALT)(OTCQB:REMRF) announces that the Company's board of directors has approved the grant of 850,000 deferred share units to certain directors of the Company. All deferred share units were granted pursuant to the Company's Equity Incentive Plan and are subject to the terms of the applicable grant agreements and the requirements of the TSX Venture Exchange.

About Atlas Salt Inc.

Atlas Salt Inc. is developing Canada's next salt mine and is committed to responsible and sustainable mining practices. With a focus on innovation and efficiency, the company is poised to make significant contributions to the North American salt market while upholding its values of environmental stewardship and community engagement.

For information, please contact:

Richard LaBelle, CEO
investors@atlassalt.com
(709) 739-9545

Cautionary Statement

Neither the TSX Venture Exchange nor its Regulation Services Provider, (as the term is defined in the Policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Atlas Salt



View the original press release on accesswire.com

FAQ

How many deferred share units did Atlas Salt (REMRF) grant to its directors?

Atlas Salt (REMRF) granted 850,000 deferred share units to certain directors of the company.

What is the purpose of Atlas Salt (REMRF) granting deferred share units to directors?

The purpose is likely to provide equity-based compensation to directors, aligning their interests with those of the shareholders.

Under what plan were the deferred share units granted by Atlas Salt (REMRF)?

The deferred share units were granted pursuant to Atlas Salt's (REMRF) Equity Incentive Plan.

What regulatory requirements must Atlas Salt (REMRF) comply with for these grants?

Atlas Salt (REMRF) must comply with the TSX Venture Exchange requirements for these deferred share unit grants.

ATLAS SALT INC

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