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Ann: Change of Director's Interest Notice x 4, page-24

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29/06/22

15:46

Post #: 62275900
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Originally posted by oceanview69: ↑

Spot on Jeff

(e) Vesting Conditions The Performance Rights will vest as follows:

(i) Class A: the Company entering into a binding agreement with a third party to finance its
litigation costs in respect of its arbitration or other proceedings against the governments
of Greenland and Denmark in respect of the Kvanefjeld Project

(ii) Class B: an increase of at least 20% in the size of the Mineral Resources in accordance with
the JORC Code 2021 at the Kvanefjeld Project or any other Company project; and

(iii) Class C: favourable completion of the arbitration against the governments of Greenland
and Denmark resulting in either the award of an exploitation licence for the Kvanefjeld
Project or of compensation to the Company; and

(iv) Class D: the Volume Weighted Average Price over a period of 20 consecutive Trading Days
on which trades in the Company’s shares are recorded on ASX (20 day VWAP) being at
least $0.15.
(each, a Vesting Condition) unless the Vesting Condition/s is/are waived in accordance with the rules
of the Plan.
(f) Exercise Period
The Performance Rights are exercisable at any time on and from the date upon which the relevant
Vesting Condition has been satisfied (or waived in accordance with the rules of the Plan), until the
Expiry Date (Exercise Period)

Seems someone who shouldn't be POKING around should possibly apologise

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OK smart Alex, can you tell me which condition have they satisfied as jeff said they have not achieved any of the conditions and only for the future performance then why are they given the shares as shown in Change of Directors holding?

GGG Price at posting: 4.4¢ Sentiment: Sell Disclosure: Not Held
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Ann: Change of Director's Interest Notice x 4, page-24

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