Security - based compensation

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Magna Mining Announces Grants of Security-Based Compensation
Newsfileยท 2025-09-04 11:00
Core Points - Magna Mining Inc. has announced grants of security-based compensation to non-executive directors effective September 4, 2025 [1] - The grants are made under the Company's omnibus equity incentive plan, which was approved by shareholders on June 26, 2025 [2] - The Omnibus Plan is a "rolling" 10% plan, allowing for the issuance of options, restricted share units, performance share units, and deferred share units, with a maximum of 10% of total issued and outstanding common shares reserved for such grants [2][3] Compensation Details - A total of 44,073 deferred share units were granted to non-executive directors, vesting upon retirement from the Board and entitling holders to receive one common share [7] - Additionally, 278,363 options were granted, vesting immediately and exercisable at an exercise price of $2.70 per common share for five years from the grant date [7] Company Overview - Magna Mining Inc. is a producing mining company with a portfolio of copper, nickel, and platinum group metals assets located in the Sudbury mining district of Ontario, Canada [5] - The primary asset is the McCreedy West Mine, currently in production, supported by other past-producing properties including Levack, Crean Hill, Podolsky, and Shakespeare [5] - The company aims to unlock long-term shareholder value through continued production, exploration, and near-term development opportunities [6]