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Dalradian Issues Stock-based Compensation

Jul 03, 2017

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TORONTO, ONTARIO -- (Marketwired – July 3, 2017) - Dalradian Resources Inc. (TSX: DNA/AIM: DALR) ("Dalradian" or the "Company") announces that the Company issued 210,000 deferred share units (“DSUs”) to directors and 1,760,000 stock options and 400,000 restricted share units (“RSUs”) to its directors and officers on 30 June 2017. The DSUs were issued in accordance with the Company’s DSU Plan, vest immediately and expire in accordance with the DSU Plan. The stock options, which were issued in accordance with the Company’s Stock Option Plan, are exercisable into common shares of Dalradian at $1.65 (being the closing price on the Toronto Stock Exchange on 29 June 2017) over a five-year term. Vesting is immediate for 586,667 options on 30 June 2017 (the “Option Grant Date”), 586,667 options vest 12 months after the Option Grant Date and the final 586,666 options vest 24 months after the Option Grant Date. The RSUs, which were issued in accordance with the Company’s RSU Plan, are redeemable as common shares after June 30, 2020 subject to the condition that the recipients remain employed by the Company, with one-sixth of the RSUs being subject to a performance condition relating to Total Shareholder Return. One RSU gives the recipient the right to one common share in the Company at nil cost to the recipient.

 

The following table provides a breakdown of the stock options and DSUs issued to directors:

Directors

Stock Options

DSUs

Issued

Total held after grant

Issued

Total held after grant

Nicole Adshead-Bell

80,000

530,000

30,000

72,000

Patrick Downey

80,000

680,000

30,000

72,000

Ron Gagel

80,000

730,000

30,000

72,000

Thomas Obradovich

80,000

830,000

30,000

72,000

Sean Roosen

80,000

730,000

30,000

72,000

Jonathan Rubenstein

80,000

830,000

30,000

72,000

Jim Rutherford

80,000

680,000

30,000

72,000

Total

560,000

5,010,000

210,000

504,000

 

The following table provides a breakdown of the stock options and RSUs issued to officers:

Officers

Stock Options

RSUs

Issued

Total held after grant

Issued

Total held after grant

Patrick F.N. Anderson

450,000

1,600,000

150,000

631,000

Eric Tremblay

300,000

1,050,000

100,000

394,000

Keith McKay

225,000

525,000

75,000

251,000

Marla Gale

225,000

700,000

75,000

289,000

Total

1,200,000

3,875,000

400,000

1,565,000

 

In addition, on 30 June 2017 the Company issued 110,000 RSUs with the same terms as described above to two employees and 425,000 stock options to six employees exercisable at $1.65, with 141,667 options vesting on 30 June 2017 (the "Employee Grant Date"), 141,667 options vesting 12 months after the Employee Grant Date and the final 141,666 options vesting 24 months after the Employee Grant Date.

The information contained within this announcement was considered to be inside information, for the purposes of Article 7 of EU Regulation 596/2014, prior to its release.

About Dalradian Resources Inc.

Dalradian Resources Inc. is a gold exploration and development company that is focused on advancing its high-grade Curraghinalt Gold Project located in Northern Ireland, United Kingdom.

 

For more information:

Marla Gale

Vice President Communications

+1 416 583 5600

investor@dalradian.com

 

Grant Thornton UK LLP (Nominated Adviser)

Philip Secrett / Richard Tonthat/Harrison Clarke

+44 (0)20 7383 5100

 

Canaccord Genuity Limited (Broker)

Henry Fitzgerald-O'Connor / Martin Davison

+44 (0)20 7523 8000

 


DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Nicole Adshead-Bell

2.

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc.

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and deferred share units

c)

Price(s) and volume

80,000 options to acquire shares at $1.65 per share and 30,000 deferred share units valued at $1.64 each, redeemable as common shares for no additional consideration.

d)

Aggregated information

80,000 options to acquire shares at $1.65 per share, and 30,000 deferred share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue

 


 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Patrick Downey

2.

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and deferred share units

c)

Price(s) and volume

80,000 options to acquire shares at $1.65 per share and 30,000 deferred share units valued at $1.64 each, redeemable as common shares for no additional consideration.

d)

Aggregated information

80,000 options to acquire shares at $1.65 per share, and 30,000 deferred share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue

 


 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Ronald Gagel

2.

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and deferred share units

c)

Price(s) and volume

80,000 options to acquire shares at $1.65 per share and 30,000 deferred share units valued at $1.64 each, redeemable as common shares for no additional consideration.

d)

Aggregated information

80,000 options to acquire shares at $1.65 per share, and 30,000 deferred share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue

 


 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Thomas Obradovich

2.

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and deferred share units

c)

Price(s) and volume

80,000 options to acquire shares at $1.65 per share and 30,000 deferred share units valued at $1.64 each, redeemable as common shares for no additional consideration.

d)

Aggregated information

80,000 options to acquire shares at $1.65 per share, and 30,000 deferred share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue


DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Sean Roosen

2.

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc.

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and deferred share units

c)

Price(s) and volume

80,000 options to acquire shares at $1.65 per share and 30,000 deferred share units valued at $1.64 each, redeemable as common shares for no additional consideration.

d)

Aggregated information

80,000 options to acquire shares at $1.65 per share, and 30,000 deferred share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue


DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Jonathan Rubenstein

2.

Reason for the notification

a)

Position/status:

Director

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc.

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and deferred share units

c)

Price(s) and volume

80,000 options to acquire shares at $1.65 per share and 30,000 deferred share units valued at $1.64 each, redeemable as common shares for no additional consideration.

d)

Aggregated information

80,000 options to acquire shares at $1.65 per share, and 30,000 deferred share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue

 


 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

James Rutherford

2.

Reason for the notification

a)

Position/status:

Director (Chairman)

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc.

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and deferred share units

c)

Price(s) and volume

80,000 options to acquire shares at $1.65 per share and 30,000 deferred share units valued at $1.64 each, redeemable as common shares for no additional consideration.

d)

Aggregated information

80,000 options to acquire shares at $1.65 per share, and 30,000 deferred share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue


DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Patrick F. N. Anderson

2.

Reason for the notification

a)

Position/status:

President and CEO

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc.

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and restricted share units

c)

Price(s) and volume

450,000 options to acquire shares at $1.65 per share and 150,000 restricted share units valued at $1.64 each, redeemable as common shares for no additional consideration

d)

Aggregated information

450,000 options to acquire shares at $1.65 per share, and 150,000 restricted share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue


 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Eric Tremblay

2.

Reason for the notification

a)

Position/status:

COO

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc.

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and restricted share units

c)

Price(s) and volume

300,000 options to acquire shares at $1.65 per share and 100,000 restricted share units valued at $1.64 each, redeemable as common shares for no additional consideration

d)

Aggregated information

300,000 options to acquire shares at $1.65 per share, and 100,000 restricted share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Keith McKay

2.

Reason for the notification

a)

Position/status:

CFO

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc.

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and restricted share units

c)

Price(s) and volume

225,000 options to acquire shares at $1.65 per share and 75,000 restricted share units valued at $1.64 each, redeemable as common shares for no additional consideration

d)

Aggregated information

225,000 options to acquire shares at $1.65 per share, and 75,000 restricted share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Marla Gale

2.

Reason for the notification

a)

Position/status:

VP Communications and Corporate Secretary

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc.

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and restricted share units

c)

Price(s) and volume

225,000 options to acquire shares at $1.65 per share and 75,000 restricted share units valued at $1.64 each, redeemable as common shares for no additional consideration

d)

Aggregated information

225,000 options to acquire shares at $1.65 per share, and 75,000 restricted share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

Brian Kelly

2.

Reason for the notification

a)

Position/status:

Managing Director

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc.

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and restricted share units

c)

Price(s) and volume

100,000 options to acquire shares at $1.65 per share and 35,000 restricted share units valued at $1.64 each redeemable as common shares for no additional consideration

d)

Aggregated information

100,000 options to acquire shares at $1.65 per share, and 35,000 restricted share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue

 


 

DEALING NOTIFICATION FORM
FOR USE BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITY AND THEIR CLOSELY ASSOCIATED PERSONS

1.

Details of the person discharging managerial responsibilities/person closely associated

a)

Name:

David Gregory Hope

2.

Reason for the notification

a)

Position/status:

Exploration and Geology Manager

b)

Initial notification/Amendment:

Initial Notification

3.

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor

a)

Name:

Dalradian Resources Inc.

b)

LEI:

N/A

4.

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

a)

Description of the financial instrument, type of instrument

Identification Code

Common Shares of no par value

 

ISIN:CA2354991002

b)

Nature of the transaction

Grant of options to acquire shares and restricted share units

c)

Price(s) and volume

225,000 options to acquire shares at $1.65 per share and 75,000 restricted share units valued at $1.64 each redeemable as common shares for no additional consideration

d)

Aggregated information

225,000 options to acquire shares at $1.65 per share, and 75,000 restricted share units each redeemable as common shares

e)

Date of the transaction

30 June 2017

f)

Place of the transaction

Outside a trading venue


DNA: 1.58  -0.01
DALR: 0.87  +0.00
Gold: 1,270.00  +10.20

StockDateTme

1.58 -0.01 -0.63% Volume: 283,031 Jul 28, 2017 03:59 PM