Atico Announces Approval of Amended and Restated Stock Option Plan by Shareholders
June 15 2022 - 4:30PM
Atico Mining Corporation (the “Company” or “Atico”) (TSX.V: ATY |
OTC: ATCMF) announces following the Company’s annual general
meeting of shareholders, held on June 14, 2022, that shareholders
of the Company approved the adoption of the Company’s amended and
restated stock option plan (the “Amended and Restated Option
Plan”).
The Company’s stock option plan was originally
adopted by the board of directors on June 2, 2011, and previously
amended on May 27, 2015. The total number of common shares of the
Company (the “Common Shares”) reserved and available for grant and
issuance under the Amended and Restated Option Plan shall be a
rolling number equal to 10% of the total issued and outstanding
Common Shares from time to time.
As further discussed in the Company’s management
information circular dated April 28, 2022 (the “Circular”), the
principal amendments to the Amended and Restated Option Plan
included: (i) amending the vesting provisions to provide parameters
for the vesting of options granted to any Investor Relations
Service Provider (as defined in the Amened and Restated Option
Plan) to ensure compliance with Policy 4.4 of the TSX Venture
Exchange, (ii) amending the expiry provisions to provide that
should the expiry date for an option fall within a Blackout Period
(as defined in the Amended and Restated Option Plan), such expiry
shall, subject to the approval of the TSX Venture Exchange, be
automatically extended to that day which is the tenth business day
after the end of the Blackout Period, (iii) amending the option
term provisions to provide that the Option Price (as defined in the
Amended and Restated Option Plan) shall not be less than the last
closing price of the Common Shares on the TSX Venture Exchange
before the date of grant less any applicable discount, (iv) adding
the requirement that the TSX Venture Exchange approve adjustments
to options granted and (v) amending the exercise provisions to
permit “net exercise” by holders of options, except for those
holders who are Investor Relations Service Providers. The full text
of the Amended and Restated Option Plan is appended to the Circular
and is available under the Company’s profile on SEDAR.
About Atico Mining Corporation
Atico is a growth-oriented Company, focused on
exploring, developing and mining copper and gold projects in Latin
America. The Company generates significant cash flow through the
operation of the El Roble mine and is developing it’s high-grade La
Plata VMS project in Ecuador. The Company is also pursuing
additional acquisition of advanced stage opportunities. For more
information, please visit www.aticomining.com.
ON BEHALF OF THE BOARD
Fernando E. GanozaCEOAtico Mining
Corporation
Trading symbols: TSX.V: ATY | OTCQX: ATCMF
Investor RelationsIgor DutinaTel:
+1.604.633.9022
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 release.
No securities regulatory authority has either
approved or disapproved of the contents of this news release. The
securities being offered have not been, and will not be, registered
under the United States Securities Act of 1933, as amended (the
‘‘U.S. Securities Act’’), or any state securities laws, and may not
be offered or sold in the United States, or to, or for the account
or benefit of, a "U.S. person" (as defined in Regulation S of the
U.S. Securities Act) unless pursuant to an exemption therefrom.
This press release is for information purposes only and does not
constitute an offer to sell or a solicitation of an offer to buy
any securities of the Company in any jurisdiction.
Cautionary Note Regarding Forward
Looking Statements
This announcement includes certain
“forward-looking statements” within the meaning of Canadian
securities legislation. All statements, other than statements of
historical fact, included herein, without limitation the use of net
proceeds, are forward-looking statements. Forward- looking
statements involve various risks and uncertainties and are based on
certain factors and assumptions. 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. Important factors that could cause actual results
to differ materially from the Company’s expectations include
uncertainties relating to interpretation of drill results and the
geology, continuity and grade of mineral deposits; uncertainty of
estimates of capital and operating costs; the need to obtain
additional financing to maintain its interest in and/or explore and
develop the Company’s mineral projects; uncertainty of meeting
anticipated program milestones for the Company’s mineral projects;
the world-wide economic and social impact of COVID-19 is managed
and the duration and extent of the coronavirus pandemic is
minimized or not long-term; disruptions related to the COVID-19
pandemic or other health and safety issues, or the responses of
governments, communities, the Company and others to such pandemic
or other issues; and other risks and uncertainties disclosed under
the heading “Risk Factors” in the prospectus of the Company dated
March 2, 2012 filed with the Canadian securities regulatory
authorities on the SEDAR website at www.sedar.com
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