First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has announced approval of a restricted share unit plan. The 10% rolling restricted share unit plan allows the company to issue up to 10% of its issues capital to certain directors, officers, employees and consultants as restricted share units. According to the announcement, the plan is designed to offer incentives to key company executives and service providers as well as to better align interests with shareholders; the plan also preserves cash funds for anticipated exploration efforts. The company has also granted incentive stock options to specific directors, officers and consultants, enabling these individuals to purchase up to 240,000 common shares under an incentive stock option plan with options being available for five years at a $0.35 per share exercise price. The announcement did note that the stock option grant is subject to both a four-month hold period and Canadian Securities Exchange approval.
To view the full press release, visit https://ibn.fm/phEpC
About First Energy Metals Limited
First Energy Metals is a Canadian mineral exploration company with a primary focus of acquiring a multicommodity mineral property portfolio. The company’s goal is to identify, acquire and explore North American mineral prospects in the technology metals, precious metal and base metal sector. Its strategy is to acquire and advance projects through prospecting and early-stage exploration; source joint venture partners to finance future exploration and project development; and create shareholder value through exploration success. First Energy will continue to add to its multicommodity portfolio through organic acquisitions of new projects and opportunities with the intention of adding value and projects over time. For more information about the company, please visit www.FirstEnergyMetals.com.
NOTE TO INVESTORS: The latest news and updates relating to FEMFF are available in the company’s newsroom at https://ibn.fm/FEMFF
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