Granted RSUs fully vest on the second anniversary of the grant date. The awarded DSUs each vest at 50% on the third and fourth anniversaries of the grant date and are settled upon termination of employment. The Stock Options have a term of five years, an exercise price of $3.12, and will vest over three years, with 25% vesting immediately, followed by 25% on the first, second and third anniversaries from the date of grant.
These equity-based compensation grants are subject to regulatory acceptance by the TSX Venture Exchange.
About Orogen Royalties Inc.
Orogen Royalties focuses on creating organic royalties and acquiring royalties from precious and base metal discoveries in western North America. The company’s royalty portfolio includes the Ermitaño gold and silver mine in Sonora, Mexico (2.0% NSR royalty), operated by First Majestic Silver Corp. The company is well funded and several projects are actively developed by joint venture partners.
On behalf of the board
Orogen Royalties Inc.
Paddy Nicol
Chairman & CEO
For more information about Orogen, please contact Paddy Nicol, President & CEO at 604-248-8648, and Marco LoCascio, Vice President, Corporate Development at 604-248-8648. Visit our website at www.orogenroyalties.com.
Orogen Royalties Inc.
1015 – 789 West Penderstraat
Vancouver, B.C
Canada V6C 1H2
info@orogenroyalties.com
SOURCE: Orogen Royalties Inc
View the original press release on ACCESS Newswire
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