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Cygnus Metals Notes Issuance of Shares Under Options and Rights

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Cygnus Metals (CYG.V) issued a total of 9.6 million fully paid shares upon exercise of unlisted options and rights under its omnibus equity investment plan and employee securities incentive plan, the company said Wednesday.

The issuance is composed of 12,296 unlisted options exercisable at C$0.0574 each on or before Sept. 26, 2029; 9.3 million vested performance rights issued under the company's omnibus equity incentive plan; and 257,784 vested share rights issued under a previous employee securities incentive plan.

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