Adyton Resources Strengthens Board and Grants Stock Options and RSUs

Core Viewpoint - Adyton Resources Corporation has appointed Michael Gray as a Non-Executive Director to strengthen its board, alongside granting stock options and restricted share units (RSUs) to its officers, directors, and employees [1][3]. Board Appointment - Michael Gray, a respected independent research analyst with over 20 years of experience in the mining sector, has been appointed to the board, filling a vacancy left by the resignation of Chris Wilson [2][3]. - Gray's background includes co-founding Agentis Capital and a previous role as Managing Director at Macquarie Capital Markets, where he led Mining Equity Research [2]. Stock Options and RSUs - The company has granted a total of 9,000,000 stock options and 1,830,000 RSUs to certain officers, directors, and employees [3][4]. - Each stock option allows the holder to acquire one common share at an exercise price of $0.40, with a three-year expiration period and vesting requirements [4]. - The RSUs will vest only after the holder has been with the company for 12 months and the 30-day volume-weighted average price (VWAP) of the common shares reaches at least C$0.40 [5]. Company Overview - Adyton Resources focuses on developing gold and copper resources in Papua New Guinea, with a portfolio of mineral exploration projects [7]. - The company has indicated resources of 173,000 ounces of gold and inferred resources of 2,000,000 ounces of gold across its projects [8]. - The Feni Island Project has an inferred mineral resource of 60.4 million tonnes at an average grade of 0.75 g/t Au, equating to 1,460,000 ounces of contained gold [9]. - The Fergusson Island Project has indicated resources of 4.0 million tonnes at an average grade of 1.33 g/t Au, totaling 173,000 ounces of contained gold [10].