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Kirkstone Metals Resets Stock Options After Shareholders Back New Incentive Plan

Story Highlights
  • Kirkstone Metals cancelled earlier options and granted 1.2 million new stock options at $2.52.
  • Shareholders approved a new omnibus equity incentive plan and confirmed the board and auditors.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Kirkstone Metals Resets Stock Options After Shareholders Back New Incentive Plan

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An update from Dunbar Metals Corp. ( (TSE:KSM) ) is now available.

Kirkstone Metals Corp., a Canadian mineral exploration company, concentrates on uranium projects within established mining jurisdictions in Canada. The company has cancelled a prior stock option grant and issued a new aggregate of 1,200,000 stock options at $2.52 per share to directors, officers and consultants, following shareholder approval of a new omnibus equity incentive plan that replaces its former stock option plan and allows for a wider range of incentive securities while maintaining a 10% cap of issued and outstanding shares. At its recent annual general meeting, shareholders also confirmed a four-member board, re-elected all directors for the coming year, and reappointed the company’s auditors, signalling continued support for management and the company’s strategic direction.

More about Dunbar Metals Corp.

Kirkstone Metals Corp. is a Canadian mineral exploration company focused on uranium exploration in established mining jurisdictions across Canada.

Average Trading Volume: 159,240

Technical Sentiment Signal: Sell

For detailed information about KSM stock, go to TipRanks’ Stock Analysis page.

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