Vancouver, British Columbia–(Newsfile Corp. – November 10, 2017) – Evrim Resources Corp. (TSXV: EVM) (“Evrim” or the “Company”) announced that its board of directors and the TSX Venture Exchange has approved a new fixed incentive stock option plan (the “Fixed Plan”). Upon adoption of the Fixed Plan the Company cancelled its long-term cash bonus plan.
The Fixed Plan allows the board of directors to grant up to an aggregate of 6,000,000 stock options of the Company to encourage equity participation among senior officers, employees, consultants and directors through the acquisition of Common shares of the Company. The Fixed Plan will enable the Company to attract and retain highly qualified personnel in an increasingly competitive marketplace. The Company has 100,000 options currently outstanding under its previous stock option plan which will be rolled into and be governed by the Fixed Plan.
The board of directors has approved the grant of 5,825,000 stock options to officers and employees of the Company at a price of $0.25 per share for a period of five years. The options vest over a five year period for senior executives and three years for other employees. The grant of these stock options is subject to approval of the TSX Venture Exchange.