E-Tech Resources – New DSU Plan
Halifax, Nova Scotia – (May 1, 2025) – E-Tech Resources Inc. (“E-Tech” or the “Company”) (TSXV:REE) (FSE:K2i) announces the approval of its new Deferred Share Unit Plan (“DSU Plan”), which complies with Policy 4.4 of the TSX Venture Exchange. The DSU Plan was first approved by the Company’s shareholders at its 2023 Annual and Special Meeting and was reapproved by shareholders at the Company’s Annual and Special Meeting held on September 26, 2024. The DSU Plan is administered by the Company’s Compensation Committee, and any DSUs issued to qualified participants will vest at a rate of one-third on each anniversary date of the DSU grant. For further information on the DSU Plan, refer to the Company’s Management Information Circular dated August 22, 2024.
The Company’s Stock Option Plan and DSU Plan are a combined 10% rolling share-based compensation plan, pursuant to which an aggregate of 10% of the Company’s common shares may be reserved for issuance under both plans. E-Tech currently has 2,860,000 stock options granted and outstanding, which represents 2.7% of the Company’s common shares outstanding. No DSUs have yet been granted under the DSU Plan.
