- Mako Mining Corp (TSXV:MKO) (OTCQX:MAKOF) appoints Steve Parsons as President.
- 740,000 stock options granted to employees with an exercise price of C$4.47, expiring in 2030.
- The company issued 647,785 share units with varying vesting schedules.
Mako Mining Corp (MKO) has announced a series of corporate updates heralding a new leadership era and expanded equity incentive plans. Steve Parsons, formerly an executive at subsidiary Goldsource Mines, has been appointed as President of Mako Mining, marking a strategic step by the company to strengthen its leadership team.
Under the company's Omnibus Incentive Plan, Mako Mining has granted 740,000 stock options to its executive officers, employees, and contractors. These stock options come with a five-year term, expiring on April 18, 2030, and will vest in equal installments of 25% annually from 2026 to 2029. The exercise price for these options is set at C$4.47.
The company has also issued 502,785 restricted share units with a restriction period extending to 2028. Additionally, Mako Mining has granted 145,000 deferred share units to its directors, which will vest upon the termination of service. These equity awards are designed to align management interests with those of shareholders, providing a structure that could enhance corporate governance and performance over the long term.
