Cancellation of Performance Rights
Released
Released
Announcement PDF
ASX ANNOUNCEMENT:
ASX: DAL
28 April 2025
Cancellation of Performance Rights
__________________________________________________________________________________
Dalaroo Metals Ltd (ASX: DAL, “Dalaroo” or “Company”) wishes to advise that it has cancelled 7,451,250
Performance Rights that have lapsed due to the Managing Director and Chief Executive Officer, Michael Brown,
ceasing employment with the Company before the vesting date or milestone of those Performance Rights
being achieved. The Performance Rights had previously been issued under the Company’s shareholder
approved Employee Securities Incentive Plan and had been approved by Shareholders at the 2024 Annual
General Meeting.
The capital structure of the Company following the cancellation of these Performance Rights is as follows:
Quoted Securities
Fully Paid Ordinary Shares
Unquoted Securities
Number
248,951,923
Number
Options exercisable at $0.25 expiring on 28 September 2025
8,000,000
Options exercisable at $0.08 expiring on 5 June 2025
14,375,000
Options exercisable at $0.036 expiring on 23 August 2029
182,187,500
Performance Rights 1
1,200,000
Performance Rights 2
8,000,000
An Appendix 3H in relation to cancellation of the Performance Rights has been lodged with the ASX.
ENDS
Authorised for release to the ASX by the Board of Dalaroo Metals Ltd.
For more Information:
Please visit our website for more information: www.dalaroometals.com.au
Contact:
Joshua Gordon
Non-Executive Director
E: jgordon@dalaroometals.com.au
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