Prismo Metals Announces Security Based Compensation Grants

Vancouver, BC / ACCESSWIRE / September 10, 2024 / Prismo Metals Inc. (CSE:PRIZ) (OTCQB:PMOMF) has announced the issuance of various stock-based compensation options under its long-term incentive plan. The Company has granted 1,275,000 stock options to directors and officers and 200,000 options to consultants. Each option allows the purchase of one common share at $0.205 for a period of five years, vesting one-third every three months over a year.

Additionally, the Company issued 525,000 restricted share units to directors and officers, entitling holders to one common share per unit upon vesting. These units follow the same vesting schedule as the stock options.

Prismo Metals also granted 275,000 stock appreciation rights to directors and officers. Each right, subject to vesting, entitles the holder to common shares equal to the difference between $0.205 and the market price upon settlement, available for five years.