KELOWNA, BC, May 25, 2023 /CNW/ - Metalex Ventures Ltd. (TSXV: MTX) (the "Company") announces that it has granted an aggregate of 312,500 deferred share units ("DSUs") to two independent directors at a deemed price of $0.048 per DSU. The DSUs were granted in consideration for services provided by the directors for the quarter ended April 30, 2023. The DSUs were granted under the Company's Deferred Share Unit Plan adopted on October 11, 2022. The DSUs vest one year from the date of grant, subject to certain exceptions, and each DSU entitles the holder to receive one share of the Company, or in certain circumstances a cash payment equal to the value of one share of the Company, at the time the holder ceases to be a director of the Company.
Read more at newswire.caMETALEX ANNOUNCES GRANT OF DEFERRED SHARE UNITS
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