Candelaria Mining Corp. Announces Stock Option and RSU Grants
March 27 2018 - 5:00PM
Candelaria Mining Corp. (TSXV:CAND) (OTC PINK:CDELF) (the
“
Company”) announces the grant of stock options
and restricted share units to certain officers and directors of the
Company.
Options to purchase up to 750,000 common shares
were granted to an officer of the Company, pursuant to the
Company’s stock option plan, exercisable at a price of $0.68 per
common share. The stock options have a term of 5 years and vest in
stages with 1/3 vesting immediately on the date of grant and the
remainder to vest 1/3 every three months from the date of grant.
The stock option grant is subject to regulatory approval.
In addition, 1,925,000 restricted share units
(“RSUs”) were awarded to officers and directors
pursuant to the Company’s restricted share unit plan. The RSUs have
various vesting terms ranging from immediate vesting, vesting in
stages with 1/3 vesting immediately on the date of grant and the
remainder to vest 1/3 every three months from the date of grant,
and vesting in stages with 1/3 vesting immediately on the date of
grant and the remainder to vest 1/3 every six months from the date
of grant.
ON BEHALF OF THE BOARD,
Curtis TurnerChief Executive Officer
For further information, please contact:
Investor RelationsEmail:
info@candelariamining.comPhone: 604-349-5992
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.
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