White Cliff Minerals Limited (AU:WCN) has released an update.
White Cliff Minerals Limited has appointed Eric Sondergaard as a director, with an initial interest of 34,407,456 ordinary shares and 2,083,333 options. Sondergaard’s employment contract includes up to 105 million Class D, E, and F Performance Rights contingent on the company reaching specific market capitalization milestones. These rights will vest if the company’s market value hits AUD$50 million, AUD$90 million, and AUD$125 million respectively.
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