Revival Gold - President and CEO, Hugh Agro
President and CEO, Hugh Agro
Source: Revival Gold
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  • The shareholders of Revival Gold (RVG) have approved the company’s amended 10-per-cent rolling stock option plan
  • The shareholders gave the approval at the company’s Annual General and Special Meeting of Shareholders
  • The maximum number of common shares which may be issued under the plan is 10 per cent of the company’s issued and outstanding share capital at the date of the grant
  • Revival Gold Inc. is a growth-focused gold exploration and development company advancing the Beartrack-Arnett Gold Project located in Idaho, USA
  • Revival Gold Inc. opened trading at $0.63 per share

The shareholders of Revival Gold (RVG) have approved the company’s amended 10-per-cent rolling stock option plan.

The shareholders gave the approval at the company’s Annual General, and Special Meeting of Shareholders held on November 22, 2022, in Toronto.

The maximum number of common shares which may be issued under the plan is 10 per cent of the company’s issued and outstanding share capital at the date of grant.

The plan has a ‟rolling” limit. The number of shares reserved for issuance regarding the grant of stock options will automatically increase as the company issued and outstanding share capital increases.

The limit includes outstanding stock options previously granted.

As further discussed in the circular, the principal amendments to the plan ensure compliance with the revised Policy 4.4 of the TSXV.

They include defining grant limits for certain participants who are eligible to receive grants of stock options under the plan.

There is also the issue of amending the exercise provisions to permit cashless exercise (as defined in the plan) by plan participants.

 In addition, there is the point of amending the exercise provisions to permit net exercise (as defined in the plan) by plan participants;

Revival Gold Inc. is a growth-focused gold exploration and development company which is advancing the Beartrack-Arnett Gold Project located in Idaho, USA. Beartrack-Arnett is the largest past-producing gold mine in Idaho.

Revival Gold Inc. opened trading at $0.63 per share.


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