CleanTech Aligns Management Interests with Shareholders through Share Issuance
Generado por agente de IACyrus Cole
viernes, 21 de febrero de 2025, 9:29 pm ET2 min de lectura
CTVA--
CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) has announced the issuance of common shares to its senior management team as part of their Shares for Services Agreements, effective from November 1, 2024. This share issuance represents 15% of senior management salaries and follows previous announcements made on October 8, 2024, and November 14, 2024. The issued securities are subject to a four-month regulatory hold period, and the company has confirmed that these share issuances have not created a new Control Person.
CleanTech is an exploration-stage mining company focused on vanadium and critical mineral resources. The company owns a 100% interest in the Gibellini vanadium project in Nevada, United States. Further information on CleanTech can be found at www.cleantechvanadium.com.
The issuance of shares for services aligns the interests of senior management with those of shareholders by tying a significant portion of their compensation to the performance of the company's stock. This strategy encourages better decision-making and increased motivation for senior management to drive the company's success. By converting 15% of senior management salaries into common shares on a monthly basis, the company ensures that the interests of its senior management team are more closely tied to the success of the company. This alignment of interests can lead to better decision-making and increased motivation for senior management to drive shareholder value.
The table below sets out each individual issuance of shares under the Shares for Services Agreement:
| Name of Officer | Date of Issuance | Number of Shares | CAD $ Amount | Deemed Price per Share |
| --- | --- | --- | --- | --- |
| Alex Bayer (Bayer Law Corporation) | November 1, 2024 | 33,332 | $1,250.00 | $0.0375 |
| Alex Bayer (Bayer Law Corporation) | December 1, 2024 | 37,037 | $1,250.00 | $0.03375 |
| Rob Van Drunen | December 1, 2024 | 92,593 | $3,125.00 | $0.03375 |
| John Lee | December 1, 2024 | 44,444 | $1,500 | $0.03375 |
| Ron Espell | December 1, 2024 | 142,694 | $4,812.50 | $0.03375 |
| Alex Bayer (Bayer Law Corporation) | January 2, 2025 | 41,667 | $1,250.00 | $0.03 |
| Rob Van Drunen | January 2, 2025 | 104,167 | $3,125.00 | $0.03 |
| John Lee | January 2, 2025 | 50,000 | $1,500 | $0.03 |
| Ron Espell | January 2, 2025 | 164,874 | $4,946.22 | $0.03 |
| Alex Bayer (Bayer Law Corporation) | February 3, 2025 | 55,556 | $1,250.00 | $0.0225 |
| Rob Van Drunen | February 3, 2025 | 138,889 | $3,125.00 | $0.0225 |
| John Lee | February 3, 2025 | 66,667 | $1,500 | $0.0225 |
| Ron Espell | February 3, 2025 | 221,283 | $4,78.88 | $0.0225 |
| Total | | 1,193,203 | $28,716.60 | |
Securities issued pursuant to the Shares for Services Agreement are subject to regulatory four-month hold periods. The Company confirms that these shares issuances have not resulted in the creation of a new Control Person.
In conclusion, CleanTech's issuance of shares for services to its senior management team aligns their interests with those of shareholders, encouraging better decision-making and increased motivation to drive shareholder value. This strategy can lead to improved financial performance and increased shareholder value over time. However, it is essential to monitor the impact of this compensation structure on the company's financial health and shareholder value, as well as ensure that the compensation structure remains competitive and attractive to potential candidates.
CleanTech Vanadium Mining Corp. (TSXV: CTV) (OTCQB: CTVFF) has announced the issuance of common shares to its senior management team as part of their Shares for Services Agreements, effective from November 1, 2024. This share issuance represents 15% of senior management salaries and follows previous announcements made on October 8, 2024, and November 14, 2024. The issued securities are subject to a four-month regulatory hold period, and the company has confirmed that these share issuances have not created a new Control Person.
CleanTech is an exploration-stage mining company focused on vanadium and critical mineral resources. The company owns a 100% interest in the Gibellini vanadium project in Nevada, United States. Further information on CleanTech can be found at www.cleantechvanadium.com.
The issuance of shares for services aligns the interests of senior management with those of shareholders by tying a significant portion of their compensation to the performance of the company's stock. This strategy encourages better decision-making and increased motivation for senior management to drive the company's success. By converting 15% of senior management salaries into common shares on a monthly basis, the company ensures that the interests of its senior management team are more closely tied to the success of the company. This alignment of interests can lead to better decision-making and increased motivation for senior management to drive shareholder value.
The table below sets out each individual issuance of shares under the Shares for Services Agreement:
| Name of Officer | Date of Issuance | Number of Shares | CAD $ Amount | Deemed Price per Share |
| --- | --- | --- | --- | --- |
| Alex Bayer (Bayer Law Corporation) | November 1, 2024 | 33,332 | $1,250.00 | $0.0375 |
| Alex Bayer (Bayer Law Corporation) | December 1, 2024 | 37,037 | $1,250.00 | $0.03375 |
| Rob Van Drunen | December 1, 2024 | 92,593 | $3,125.00 | $0.03375 |
| John Lee | December 1, 2024 | 44,444 | $1,500 | $0.03375 |
| Ron Espell | December 1, 2024 | 142,694 | $4,812.50 | $0.03375 |
| Alex Bayer (Bayer Law Corporation) | January 2, 2025 | 41,667 | $1,250.00 | $0.03 |
| Rob Van Drunen | January 2, 2025 | 104,167 | $3,125.00 | $0.03 |
| John Lee | January 2, 2025 | 50,000 | $1,500 | $0.03 |
| Ron Espell | January 2, 2025 | 164,874 | $4,946.22 | $0.03 |
| Alex Bayer (Bayer Law Corporation) | February 3, 2025 | 55,556 | $1,250.00 | $0.0225 |
| Rob Van Drunen | February 3, 2025 | 138,889 | $3,125.00 | $0.0225 |
| John Lee | February 3, 2025 | 66,667 | $1,500 | $0.0225 |
| Ron Espell | February 3, 2025 | 221,283 | $4,78.88 | $0.0225 |
| Total | | 1,193,203 | $28,716.60 | |
Securities issued pursuant to the Shares for Services Agreement are subject to regulatory four-month hold periods. The Company confirms that these shares issuances have not resulted in the creation of a new Control Person.
In conclusion, CleanTech's issuance of shares for services to its senior management team aligns their interests with those of shareholders, encouraging better decision-making and increased motivation to drive shareholder value. This strategy can lead to improved financial performance and increased shareholder value over time. However, it is essential to monitor the impact of this compensation structure on the company's financial health and shareholder value, as well as ensure that the compensation structure remains competitive and attractive to potential candidates.
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