Further, and in recognition of Mr Giulio Casello’s tireless efforts over the past couple of years to position the Company to progress the world-class Mbalam-Nabela Iron Ore Project towards development, the Board has resolved, subject to Shareholder approval, to issue 200,000,000 Performance Rights to MrGiulio Casello. The Company also proposes to issue, subject to Shareholder approval, 100,000,000 Performance Rights to Mr Brett Fraser as appropriate remuneration for his ongoing commitment and contribution to Sundance whilst minimising the expenditure of the Company’s cash resources. The Performance Rights will be issued under the Company’s Performance Rights Plan and on the terms set out in Attachment E to the Notice.
SDL Price at posting:
0.6¢ Sentiment: None Disclosure: Held