Three Valley Copper Announces Grant of Deferred Share Units and Restricted Share Units
TORONTO, Jan. 07, 2022 (GLOBE NEWSWIRE) -- (TSXV: TVC) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) announces that it has granted 164,645 Deferred Share Units (DSUs) to directors and 105,374 Restricted Share Units (RSUs) to the CEO pursuant to its long-term incentive plan for the quarter ending December 31, 2021.
The Company intends to grant DSUs quarterly to its directors, with each grant representing one-half of each director’s board retainer, payable in cash or common shares of the Company, upon the holder ceasing to be a director of the Company.
The RSUs granted to the CEO represent 20% of the base compensation of the CEO and are payable in common shares of the Company on exercise, and vest on January 1 of the second calendar year after the date of grant. The Company intends to grant additional RSUs representing 20% of the base compensation of the CEO on a quarterly basis.
About Three Valley Copper
Three Valley Copper, headquartered in Toronto, Ontario, Canada is focused on growing copper production from, and further exploration of, its primary asset, Minera Tres Valles. Located in Salamanca, Chile, MTV is 95.1% owned by the Company and MTV’s main assets are the Minera Tres Valles mining complex and its 46,000 hectares of exploratory lands. For more information about the Company, please visit www.threevalleycopper.com.
For further information:
Chief Executive Officer
T: (416) 943-7107
Source: Three Valley Copper.
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