TORONTO, Oct. 08, 2021 (GLOBE NEWSWIRE) -- (TSXV: TVC) Three Valley Copper Corp. (“Three Valley Copper” or the “Company”) announces that it has granted 234,075 Deferred Share Units (DSUs) to directors and 49,938 Restricted Share Units (RSUs) to the CEO pursuant to its long-term incentive plan.
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 234,075 DSUs granted reflect the total of owed to directors for the quarters ending March 31, 2021, June 30, 2021 and September 30, 2021.
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 91.1% 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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