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DREADNOUGHT RESOURCES LTD — Capital/Financing Update 2021
Jul 5, 2021
64785_rns_2021-07-05_39fdbc92-527a-4ce5-b352-cc51240fd7c0.pdf
Capital/Financing Update
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6 July 2021
EMPLOYEE OPTION ISSUES
Dreadnought Resources Limited (“ Dreadnought ”) advises that it has today issued 11.5m options via the Dreadnought Employee Option Plan (EOP) to the current employees of the Company on the following terms;
Exercise Price: $0.04 Grant Date: 2 July 2021 Expiry Date: 3 years from grant date – 2 July 2024 Vesting Conditions: 50% will vest on 12 months of continued employment with the Company 50% will vest on 24 months of continued employment with the Company
The associated appendix 3G is being released concurrently with this release.
A further issue of 5m options on the same terms as outlined above has been approved by the Board. These options will be issued to the Managing Director, Dean Tuck, as the incentive portion of his FY2022 remuneration package and this issue is subject to shareholder approval at the next general meeting.
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For further information please contact: Dean Tuck Jessamyn Lyons Managing Director Company Secretary Dreadnought Resources Limited Dreadnought Resources Limited E:[email protected] E:[email protected]
This announcement is authorised for release to the ASX by the Board of Dreadnought.
Dreadnought Resources Limited Suite 6, 16 Nicholson Road, Subiaco WA 6008 PO Box 1240, West Perth WA 6872
www.dreadnoughtresources.com.au [email protected]
+61 (0) 428 824 343