First Energy Metals Ltd

03:29 PM EST - First Energy Metals Ltd : Has approved a 10-per-cent rolling restricted share unit plan whereby the company may issue up to 10 per cent of its issued capital as restricted share units to eligible directors, officers, employees and consultants. The restricted share unit plan was to provide incentives to its executives and service providers and to better align interests with shareholders while preserving the company's cash for furthering its exploration efforts. The Company has also granted incentive stock options to certain directors, officers and consultants to purchase up to an aggregate of 240,000 common shares under the Company's Incentive Stock Option Plan. The options will be exercisable for a period of five years at an exercise price of $0.35 per share. The stock option grant will be subject to a four-month hold period and is subject to Canadian Securities Exchange approval. First Energy Metals Ltd shares C.FE are trading up $0.03 at $0.34.

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