Stock Option Plan
Pursuant to the terms of the Stock Option Plan, the Board of Directors may, from time to time, grant options to directors, officers, employees and consultants of the Company, as permitted by the policies of the
The Stock Option Plan is a "10% rolling" stock option plan. The maximum aggregate number of common shares that may be reserved for issuance under the Stock Option Plan at any point in time is 10% of the outstanding common shares in the capital of the Company at the time of the grant of an option.
RSU Plan
The maximum number of restricted share units issuable under the RSU Plan is fixed at 16,837,701 (such number being 10% of the number of issued and outstanding common shares as of the record date of the Meeting), as permitted by the policies of the
The Stock Option Plan and RSU Plan are subject to final acceptance from the
Furthermore, each of the matters put forward before shareholders for consideration and approval at the Meeting, as described in the Management Information Circular dated
About
Elcora was founded in 2011 and has been structured to become a vertically integrated battery material company. Elcora can process, refine, and produce battery related minerals and metals. As part of the vertical integration strategy Elcora has developed a cost-effective process to purify high-quality battery metals and minerals that are commercially scalable. This combination means that Elcora has the tools and resources for vertical integration of the battery minerals and metals industry.
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CAUTIONARY STATEMENT:
The
This News Release includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives of Elcora, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Elcora’s expectations are exploration risks detailed herein and from time to time in the filings made by Elcora with securities regulators.
Investors are cautioned that, except as disclosed in the filing statement prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon.
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