NZC-TSX
NORZF-OTCQB
VANCOUVER, Feb. 1, 2019 /CNW/ - NorZinc Ltd. (TSX:
NZC; OTCQB: NORZF) ("NorZinc" or "the Company") announces that
following completion of its annual year-end review, the Company has
granted share-based incentive compensation to certain directors,
officers and employees of the Company. Pursuant to the Company's
stock option plan, the deferred share unit ("DSU") plan and the
restricted share unit ("RSU") plan it has granted stock options
exercisable into 7,010,000 common shares of the Company, DSUs
exercisable into 1,116,000 common shares of the Company and RSUs
exercisable into 2,689,000 common shares of the Company. The stock
options are exercisable at C$0.10 per
share (approximately 11% premium to market) with a 5-year term,
vesting quarterly over 2 years. The DSUs are settled upon
retirement, subject to the terms and conditions of the DSU plan.
The RSUs granted vest immediately and are subject to a pay-out date
in one year.
About NorZinc
NorZinc is a TSX-listed mine development company trading under
the symbol "NZC". The Company is developing its key project, the
100%-owned high grade zinc-lead-silver Prairie Creek Mine, located
in the Northwest Territories. The
Company also owns projects in Newfoundland that host several
zinc-lead-copper-gold-silver deposits.
E-mail: invest@norzinc.com
Website: www.norzinc.com
SOURCE NorZinc Ltd.