Grants under the 2022 Omnibus Share Incentive Plan - The Company has approved the grant of 1,000,000 Share Units and 495,000 stock options. Share Units: Each vested Share Unit may be redeemed for one fully paid and non-assessable common share of the
2200 – 1250 Rene Levesque Blvd. Montreal, QC, #1100 - 1111 Melville Street, Vancouver, BC, V6E H3B 4W8 3V6 Phone: (604) 343-7740 Phone: (438) 469-0705 Email: [email protected] Website: www.greenbatteryminerals.com
March 3, 2023 – Green Battery Minerals Inc. (TSX.V: GEM) (the “Company”) is announcing the grant of stock options and Share Units to board members, management and consultants/advisors as part of a long-term incentive program in accordance with the Company’s 2022 Omnibus Share Incentive Plan adopted at the Annual General Meeting held on August 24, 2022.
Grants under the 2022 Omnibus Share Incentive Plan - The Company has approved the grant of 1,000,000 Share Units and 495,000 stock options.
Share Units: Each vested Share Unit may be redeemed for one fully paid and non-assessable common share of the Company issued from treasury and vest on March 1, 2024, calculated using a price of $0.09 per common share.
Stock options: Stock options are granted with a five year term at an exercise price of $0.09.
The 2022 Omnibus Equity Incentive Plan’s objective is to create an incentive compensation program that is aligned
| with the Company’s long-term objectives. | Stock options and Share Units are granted in accordance with Policy | |
| 4.4 – Security Based Compensation of the TSX Venture Exchange (the “Exchange”) and the terms and conditions | ||
| of the | 2022 Omnibus Share Incentive Plan. |
The Company also advises that it did not proceed with the granting of stock options announced January, 2023.
About the Company: Green Battery Minerals is managed by a team with over 150 years of collective experience with a proven track record of not just finding numerous mines but building and operating them as well. The Green Battery Minerals management team’s most recent success is discovering the Berkwood graphite deposit in Northern Québec. Green Battery Minerals owns 100% of this asset and the Company’s shareholders will benefit from this asset as the demand for graphite for electric vehicles increases significantly.
On Behalf of the Board of Directors
Green Battery Minerals lnc.
Thomas Yingling, President, CEO & Director
FOR MORE INFORMATION, PLEASE CONTACT:
Investor Relations:
or 1-604-343-7740 [email protected] www.greenbatteryminerals.com
Disclaimer for Forward-Looking Information:
Certain statements in this document which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Forward looking statements in this news release include that the Company will carry out the drill program described in this news release, conduct the Offering and expend funds on Berkwood Graphite Project exploration. It is important to note that the Company’s actual business outcomes and exploration results could differ materially from those in such forward-looking statements. Risks and uncertainties include that further permits may not be granted timely or at all; the mineral claims may prove to be unworthy of further expenditure; there may not be an economic mineral resource; methods we thought would be effective may not prove to be in practice or on our claims; economic, competitive, governmental, environmental and technological factors may affect the Company’s operations, markets, products and prices; our specific plans and timing drilling, field work and other plans may change; we may not have access to or be able to develop any minerals because of cost factors, type of terrain, or availability of equipment and technology; and we may also not raise sufficient funds to carry out our plans. Additional risk factors are discussed in the section entitled “Risk Factors” in the Company’s Management Discussion and Analysis for its recently completed fiscal period, which is available under Company’s SEDAR profile at www.sedar.com. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions, which may prove to be incorrect. Except as required by law, we will not update these forward-looking statement risk factors.
Neither 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.