(Toronto, Ontario, March 2, 2023) – Galway Metals Inc. TSX-V: GWM; OTCQB: GAYMF) (the “Company” or “Galway”) is pleased to announce that at the Company’s Annual General and Special meeting (the “Meeting”) held on December 14, 2022, the shareholders of the Company adopted the Company’s amended equity incentive plan (the “Plan”) which has a 10% rolling stock option component reserving an aggregate of 20,154,942 shares for issuance as of the date of the Meeting. Because the Company consolidated its common shares on the basis of one post-consolidation common share for every three pre-consolidation common shares on January 25, 2023, there are now an aggregate of 6,718,312 shares reserved for issuance under the Plan as of March 2, 2023.
The Plan was amended to comply with the TSX Venture Exchange’s new Policy 4.4 Security Based Compensation, which was updated in November 2021. For more information and for the full text of the Plan, refer to the Company’s information circular dated November 10, 2022.
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