on Battery X Metals (CVE:BATX)
Battery X Metals Grants Stock Options to Key Personnel
Battery X Metals Inc. has announced the allocation of stock options to select directors, officers, and consultants effective December 30, 2024. The company granted a total of 2,755,000 stock options at an exercise price of $0.10 per share. These options vest immediately and have a two-year term, expiring on December 30, 2026.
The grants to key insiders are classified as "related party transactions" but are exempt from certain regulatory requirements due to the company's market capitalization status. Despite the Insider Stock Option Grants being disclosed less than 21 days prior, the company justified this action as necessary to enhance its financial standing promptly.
The securities are subject to a four-month-plus-one-day hold period. Battery X Metals clarifies that this announcement does not offer securities for sale in the United States.
R. H.
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