LCL Resources Issues Shares Under Incentive Scheme

Los Cerros (AU:LCL) has released an update.

LCL Resources Limited has announced the issuance of over 5 million fully paid ordinary shares, which will be quoted on the ASX. This move comes as part of the company’s employee incentive scheme, benefiting one current and one former director by compensating them with shares in lieu of directors’ fees. The issuance was approved by shareholders earlier this year, reflecting the company’s strategy to reward and retain leadership talent.

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