The stock options are exercisable at CAN$1.05 per share with a five year term, with 50% vesting one year after the date of grant and 50% vesting after two years. The RSUs vest 50% one year after the date of grant with the remainder vesting after two years. The company has also issued RSUs with performance vesting conditions (pRSUs) that are exercisable into 618 700 shares. The pRSUs will vest in three years and the number of shares issued will range from 50% to 150% of the pRSU grant based on Equinox Gold's share price performance compared to the Junior Gold Miner's Index (GDXJ).
Tags:Canadian mining news
Claire Cuddihy
Assistant Editor
Claire joined Palladian Publications in October 2017 after graduating from her MA in English Literature at Swansea University. She is currently working as an Assistant Editor on Global Mining Review, World Coal and Dry Bulk magazine, and is enthusiastic to expand her knowledge across the breadth of these industries.
Having moved to Farnham from the rural landscapes of Suffolk, Claire continues to pursue her passion for cross country running and is planning to run her first half-marathon in the spring.
