Atlas Salt Issues Stock Options
Atlas Salt has announced two significant corporate developments. The company has granted 200,000 stock options to a director, which can be exercised at 46 cents per share over a three-year period. Following this grant, Atlas Salt maintains 4,384,531 shares reserved for issuance under its equity compensation plans.
Additionally, the company has initiated its search for a new CEO and has engaged a specialized professional recruitment firm focusing on mining-financial placements. The search process is actively progressing with candidate screening underway. In the interim, Patrick Laracy, the Chairman, has stepped in as temporary CEO.
Atlas Salt ha annunciato due importanti sviluppi aziendali. La società ha concesso 200.000 opzioni azionarie a un direttore, esercitabili al prezzo di 46 centesimi per azione entro un periodo di tre anni. Dopo questa assegnazione, Atlas Salt mantiene 4.384.531 azioni riservate per l'emissione nell'ambito dei suoi piani di compensazione azionaria.
Inoltre, l'azienda ha avviato la ricerca di un nuovo CEO e ha incaricato una società specializzata nel reclutamento professionale focalizzata su posizioni nel settore minerario-finanziario. Il processo di selezione è attivamente in corso con la valutazione dei candidati in fase di svolgimento. Nel frattempo, Patrick Laracy, il Presidente, ha assunto il ruolo di CEO ad interim.
Atlas Salt ha anunciado dos importantes novedades corporativas. La empresa ha otorgado 200,000 opciones sobre acciones a un director, que pueden ejercerse a 46 centavos por acción durante un período de tres años. Tras esta concesión, Atlas Salt mantiene 4,384,531 acciones reservadas para emisión bajo sus planes de compensación accionaria.
Además, la compañía ha iniciado la búsqueda de un nuevo CEO y ha contratado a una firma especializada en reclutamiento profesional enfocada en posiciones minero-financieras. El proceso de búsqueda avanza activamente con la selección de candidatos en curso. Mientras tanto, Patrick Laracy, el Presidente, ha asumido el cargo de CEO interino.
Atlas Salt는 두 가지 중요한 기업 소식을 발표했습니다. 회사는 이사 한 명에게 200,000주 스톡 옵션을 부여했으며, 이는 3년 동안 주당 46센트에 행사할 수 있습니다. 이 부여 이후에도 Atlas Salt는 자사 주식 보상 계획 하에 4,384,531주를 발행 예약 상태로 유지하고 있습니다.
또한, 회사는 새로운 CEO를 찾기 시작했으며, 광산 및 금융 분야 전문 채용 업체를 고용했습니다. 후보자 심사가 활발히 진행 중이며, 그동안 Patrick Laracy 회장이 임시 CEO 역할을 맡고 있습니다.
Atlas Salt a annoncé deux développements majeurs au sein de l'entreprise. La société a attribué 200 000 options d'achat d'actions à un administrateur, exerçables à 46 cents par action sur une période de trois ans. Suite à cette attribution, Atlas Salt conserve 4 384 531 actions réservées à l'émission dans le cadre de ses plans de rémunération en actions.
Par ailleurs, la société a lancé la recherche d'un nouveau CEO et a fait appel à un cabinet spécialisé dans le recrutement professionnel, axé sur les postes dans le secteur minier et financier. Le processus de sélection est en cours avec une présélection des candidats. En attendant, Patrick Laracy, le président, assure l'intérim en tant que CEO.
Atlas Salt hat zwei bedeutende Unternehmensentwicklungen bekannt gegeben. Das Unternehmen hat einem Direktor 200.000 Aktienoptionen gewährt, die über einen Zeitraum von drei Jahren zu einem Ausübungspreis von 46 Cent pro Aktie ausgeübt werden können. Nach dieser Gewährung hält Atlas Salt weiterhin 4.384.531 Aktien zur Ausgabe im Rahmen seiner Aktienvergütungspläne reserviert.
Zusätzlich hat das Unternehmen die Suche nach einem neuen CEO gestartet und eine spezialisierte Personalvermittlungsfirma beauftragt, die sich auf Positionen im Bergbau-Finanzbereich konzentriert. Der Suchprozess schreitet aktiv voran, und die Kandidatenauswahl ist im Gange. In der Zwischenzeit hat Patrick Laracy, der Vorsitzende, die Rolle des interimistischen CEO übernommen.
- Active CEO recruitment process underway with professional mining-focused recruitment firm
- Stock option grant of 200,000 shares at $0.46 indicates potential dilution for existing shareholders
- Interim CEO arrangement suggests leadership uncertainty
ST. JOHN'S, NEWFOUNDLAND AND LABRADOR / ACCESS Newswire / April 29, 2025 / Atlas Salt Inc. (the "Company" or "Atlas Salt") (TSXV:SALT)(OTCQB:REMRF) announces that it has granted 200,000 stock options to a director exercisable at 46 cents for a period of three years. The Company has 4,384,531 remaining shares reserved for issuance pursuant to its equity compensation plans following this grant.
Regarding the search for a new CEO, the Company has retained the services of a professional recruitment firm with a specialty in mining - financial placements. That process is well underway with the screening of candidates. The Chairman, Patrick Laracy, has been appointed CEO on an interim basis.
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:
Patrick Laracy, Chairman
investors@atlassalt.com
(709) 739-9545
We seek safe harbor.
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. This press release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to the future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this press release relate to, among other things: completion, delivery and timing of project components and requirements, and analysis and assumptions related thereto. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, technical, economic, and competitive uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation: the timing, completion and delivery of required permits, contract agreements, supply arrangements and financing. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change.
SOURCE: Atlas Salt Inc.
View the original press release on ACCESS Newswire
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