Atlantic Lithium Limited Announces Commencement of COO and Issue of Options
Corporate UpdateChief Operating Officer Commencement of RoleSYDNEY, AUSTRALIA / ACCESSWIRE / November 28, 2022 / Atlantic Lithium Limited (AIM:ALL)(ASX:A11)(OTCQX:ALLIF) "Atlantic Lithium" or the "Company"), the funded African-focussed lithium …
Chief Operating Officer Commencement of Role
SYDNEY, AUSTRALIA / ACCESSWIRE / November 28, 2022 / Atlantic Lithium Limited (AIM:ALL)(ASX:A11)(OTCQX:ALLIF) "Atlantic Lithium" or the "Company"), the funded African-focussed lithium exploration and development company targeting to deliver Ghana's first lithium mine, is pleased to announce that Keith Muller has commenced his role as non-board Chief Operating Officer with the Company.
Issue of Unlisted Share Options
Accordingly, and as part of Mr Muller's employment contract, the Company will issue him with the following unlisted options:
Number of Options Strike Price Term to Expiry
2,000,000 60 pence 2 years from issue
2,000,000 70 pence 2 years from issue
The new unlisted options will be issued to him immediately.
NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM:
ISSUE OF UNLISTED OPTIONS
|1.||Details of the person discharging managerial responsibilities/person closely associated|
|2.||Reason for the notification|
|a)||Position/status:||Chief Operating Officer (Non-Board)|
|b)||Initial notification/Amendment:||Initial notification|
|3.||Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor|
|a)||Name:||Atlantic Lithium Limited|
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted.