News - Quite Positive I Would Say. Acceleware Announces Option Grant
Thursday, January 25, 2018
Acceleware Announces Option Grant
17:49 EST Thursday, January 25, 2018
CALGARY, Jan. 25, 2018 /CNW/ - Acceleware® Ltd. ("Acceleware" or the "Corporation") (TSX-V: AXE), today announced that it has granted stock options to acquire up to 1,821,534 common shares of the Corporation to certain of its employees, officers and directors. The options have an exercise price of $0.30 per common share and expire on January 24, 2023.
Of the 1,821,534 options granted, 692,500 shall vest on the first anniversary of the grant date, 692,500 shall vest on the second anniversary of the grant date, 218,267 shall vest when the share price of the common shares of the Corporation closes at or above $0.375 for ten consecutive trading days, and 218,267 shall vest when the share price of the common shares of the Corporation closes at or above $0.45 for ten consecutive trading days. The Corporation's stock option plan allows for 9,757,532 common shares to be reserved for issuance under the plan. Upon issuance of the options granted, there will be 9,744,247 common shares reserved under options outstanding, leaving 13,285 common shares that may be reserved for issuance under the Corporation's stock option plan. The stock option grant is subject to regulatory approval.