Leadership & Pay ·
Liberty Star awards 11.75M stock options to directors and officers
LBSRLiberty Star Uranium & Metals Corp.
The Board of Directors unanimously awarded 11,750,000 non-qualified stock options to the Chairman, other directors, officers, and managers. The grants include 1,500,000 options each for directors and the CFO/interim CEO, 500,000 for the VP Field Manager, and 250,000 for the IR Manager. Options vest one-third upon issuance and annually thereafter over two years. The Chairman receives an additional 3,500,000 options tied to milestones such as definitive agreements or financing. Exercise price is set at $0.02 based on the closing OTCQB price on the grant date. The company plans to seek shareholder approval for a new 25,000,000-share equity incentive plan within twelve months. Liberty Star Uranium & Metals Corp. operates in the uranium and metals mining sector.