Monument Announces RSU Grants
Gotta admit that this was a slap in the face this morning
Monument Announces RSU Grants
Vancouver, B.C., April 16, 2021, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) announces it has granted an aggregate of 3.9 million restricted share units (the “RSUs”) to its directors, officers and employees pursuant to the RSU plan.
The Company’s RSU and stock based option plans are aimed to compensate and reward its directors, officers and employees for working towards the Company’s long term objectives and in alignment with the shareholders’ best interest. Out of 3.9 million newly granted RSUs, 1.1 million is granted as a part of the director’s fee restructure where the cash component has been significantly reduced; 1.7 million are performance RSUs rewarding their milestone achievement upon closing of the Mengapur transaction; and 1.1 million are granted to incentivize management to achieve the milestone target completing Selinsing processing plant upgrade.
The new RSU grants have brought the total outstanding RSUs to 14.5 million to date, leaving 7.6 million shares reserved available for grant under the plan.