CDN Maverick Provides Clarification Regarding Normal Course Issuer Bid Commencement Date and Grants Options
TMX Newsfile·2026-01-20 20:30

Core Viewpoint - CDN Maverick Capital Corp. has clarified that its normal course issuer bid (NCIB) will commence on January 21, 2026, and has announced the grant of stock options to certain directors under its equity incentive plan [1][2]. Group 1: Normal Course Issuer Bid (NCIB) - The NCIB purchases will not start until January 21, 2026, in accordance with Canadian Securities Exchange policies [1]. - All other terms of the NCIB remain unchanged from previous disclosures [2]. Group 2: Stock Options Grant - The board of directors has approved the grant of 600,000 stock options to eligible directors, each with an exercise price of CAD $0.295 per share [2]. - The options have a term of five years and vest immediately, contingent on the participant's continued service with the company [3]. - All securities issued from the stock option grant are subject to a four-month hold period as per applicable securities laws [4]. Group 3: Company Overview - CDN Maverick Capital Corp. is focused on identifying and developing high-value assets in critical minerals, particularly lithium and battery metals, across tier-one mining jurisdictions in North America [5].

CDN Maverick Provides Clarification Regarding Normal Course Issuer Bid Commencement Date and Grants Options - Reportify