TORONTO, Dec. 22,
2023 /CNW/ - Mason Resources Inc. ("Mason" or
the "Company") (TSXV: LLG) (OTCQX: MGPHF) today announced
that the new rolling stock option plan of the Company (the
"New Stock Option Plan") was approved by the
shareholders of the Company at its annual general meeting of
shareholders held on December 19,
2023.
The New Stock Option Plan is a "rolling" stock option plan under
Policy 4.4 – Security Based Compensation of the TSX
Venture Exchange (the "TSX-V") that allows for a number of
options to purchase common shares of the Company ("Options")
to be granted equal to up to 10% of the issued and outstanding
common shares as at the date of grant. The New Stock Option Plan
became effective on December 19, 2023
upon receiving approval from the shareholders of the
Company and replaces the existing stock option plan of the Company
(the "Legacy Stock Option Plan"). The New Stock Option Plan
terminates the Legacy Stock Option Plan and serves as the successor
thereto. No further awards will be made under the Legacy Stock
Option Plan and each Option granted under the Legacy Stock Option
Plan is now governed by the terms and conditions of the New Stock
Option Plan. Any grant of Options to a director, officer or
investor relations service provider of the Company, and any
amendment to any of the foregoing, will be disclosed to the public
by way of press release on the day such Option is granted or
amended, as applicable. A copy of the New Stock Option Plan is
attached as Schedule A to the Company's Management Information
Circular dated November 8,
2023 which can be found on the Company's website at
https://masonresourcesinc.com/annualmeeting2023/ and on SEDAR+ at
www.sedarplus.ca under the Company's profile.
About Mason Resources
Inc.
Mason Resources Inc. is a Canadian corporation focused on
seeking investment opportunities. Its strategy is to develop
vertical and horizontal integration in the mining industry, with a
special focus on industrial and specialty minerals, notably
battery-related materials and their by-products. Its strategy also
includes the development of value-added products, notably for green
technologies. The Company currently owns 100% of the rights to the
Lac Guéret deposit, one of the richest graphite deposits in the
world, which is under an Option and Joint Venture Agreement with
Nouveau Monde Graphite Inc. (TSX-V: NOU) (NYSE: NMG). Mason is also
the largest shareholder of Black Swan Graphene Inc., a Canadian
publicly traded company (TSX-V: SWAN) (OTCQB: BSWGF) focusing on
the large-scale production and commercialization of patented
high-performance and low-cost graphene products aimed at several
industrial sectors, including concrete, polymers, Li-ion
batteries and others.
For more information, please visit:
www.masonresourcesinc.com
Neither the 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 press release.
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content:https://www.prnewswire.com/news-releases/mason-resources-announces-approval-of-new-stock-option-plan-302021952.html
SOURCE Mason Resources Inc.