48North grants 583,607 RSUs, 30-cent options Another dilution......
48North grants 583,607 RSUs, 30-cent options
2021-03-05 17:38 ET - News Release
Mr. Connor Whitworth reports
48NORTH ANNOUNCES GRANT OF STOCK OPTIONS AND RESTRICTED SHARE UNITS
48North Cannabis Corp. has granted an aggregate of 500,000 stock options and 583,607 restricted share units to certain officers of the company.
The options and RSUs vest through the passage of time. Each option is exercisable into one common share of the company at a price of 30 cents per share for a period of three years from the date of grant. Of the 583,607 RSUs, 100,000 are exercisable into one share for a period of up to one year from the date of grant, and 483,607 are exercisable into one share for a period of up to two years.
All of the options and RSUs have been granted pursuant to the company's stock option plan and restricted share unit plan, which have been previously approved by the company's shareholders and the TSX Venture Exchange.