OTCPK:EMMBF - Post by User
Post by
MrOptimizationon Sep 07, 2018 5:09pm
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Post# 28582475
Emblem CEO Options
Emblem CEO OptionsIt wasn't a surprise that the stocks would jump. If the CEO's Options are only valid at a price above 1.69 per share.
In connection with Mr. Dean's appointment as CEO, the Company has approved the grant of an aggregate of 500,000 incentive stock options of the Company (the “Options”) to Mr. Dean. Each Option entitles Mr. Dean to purchase one common share in the capital of the Company at a price of $1.69 per share for a period of five years from the date of grant. The Options will vest in three equal tranches with the first tranche to vest on January 15, 2019, the second tranche to vest on January 15, 2020 and the remainder to vest on January 15, 2021. The grant of the Options is subject to the terms of the Stock Option Plan and the approval of the TSX Venture Exchange. Emblem Corp Appoints Nick Dean as CEO