Kermode Resources (TSE:KLM) has released an update.
Kermode Resources Ltd. has awarded 400,000 Stock Options and 400,000 Performance Share Units each to an independent Director and the CFO, with options exercisable at $0.05 per share for five years and Units vesting after one year with a three-year term. The Board of Directors holds the discretion to determine the timing of the Performance Periods and the form of payment for the Units, which have a maximum multiplier of 10:1 upon exercise.
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