Silver X Mining Corp.: 450,000 RSUs and 700,000 Stock Options Granted to Directors and Officers
Vancouver, BC – March 31, 2025 – Silver X Mining Corp. (TSXV:AGX)(OTCQB:AGXPF)(F:AGX) (“Silver X” or the “Company”) announced today that it has granted a total of 1,150,000 equity compensation awards to certain directors and officers of the Company. These awards consist of 450,000 restricted share units (“RSUs”) and 700,000 stock options.
Details of the Equity Compensation Awards
The RSUs have a term of one year and vest quarterly over that period. The stock options have an exercise price of CAD$1.50 per common share, which is the closing price of the Company’s common shares on the TSX Venture Exchange on March 27, 2025. The stock options will expire on March 31, 2028.
Impact on Silver X Mining Corp.
These equity compensation awards are in accordance with the Company’s omnibus incentive plan dated August 9, 2024. The plan is designed to align the interests of the directors and officers with those of the Company’s shareholders and to encourage long-term value creation. By granting these awards, Silver X aims to retain and motivate its key personnel as it continues to explore and develop its mineral projects.
Impact on Shareholders
The equity compensation awards could potentially dilute the ownership stake of existing shareholders. However, it is important to note that the number of shares that may be issued upon the vesting of the RSUs and the exercise of the stock options is subject to regulatory approval and the availability of treasury shares. Moreover, the grants are a common practice in the mining industry and are often viewed as a positive sign of a company’s confidence in its future prospects.
Impact on the World
The impact of Silver X Mining Corp.’s equity compensation awards on the world at large is minimal. The Company’s activities primarily revolve around the exploration and development of mineral projects, which contributes to the global supply of minerals and metals. The grants to directors and officers are a part of the Company’s compensation structure and do not significantly alter its business strategy or operations.
Conclusion
Silver X Mining Corp.’s announcement of granting 450,000 RSUs and 700,000 stock options to directors and officers is in line with industry practices and is aimed at retaining and motivating key personnel. While the awards could potentially dilute the ownership stake of existing shareholders, the number of shares that may be issued is subject to regulatory approval and the availability of treasury shares. The impact on the world is minimal as the Company’s activities primarily revolve around the exploration and development of mineral projects.
- Silver X Mining Corp. grants 450,000 RSUs and 700,000 stock options to directors and officers
- RSUs vest quarterly over a one-year term, stock options expire in 2028
- Aims to align interests of directors and officers with those of shareholders
- Potential dilution of existing shareholders’ ownership stake
- Impact on the world minimal as activities revolve around mineral projects
