Scotgold Resources Ltd granted unlisted options over 400,000 depositary interests of no par value each in the company with an exercise price of 75p to chief executive Philip Day.
The award is in line with the terms of Mr Day’s employment.
The shares, which vest on 1 September 2025, have an expiry date of 31 August 2027.
Scotgold granted under the options under the company’s enterprise management incentive scheme.