RE:Holy Dud Batman Found this chestnut at the bottom of todays press release.
Equity Incentive Plan Grant
Pursuant to its Equity Incentive Plan (the "Plan") dated December 17, 2020 and the policies of the TSX Venture Exchange, the Company has granted stock options ("Options") to an employee, officer and director of the Company. The new Options grant is a replacement award for Options that recently expired without being exercised.
Options to purchase an aggregate of 3,000,000 common shares of the Company (each, a "Common Share") were granted, with an exercise price of $0.23 per Common Share. Each Option grant vests one-third on the date of the grant, one-third 12 months from the date of the grant and one-third 24 months from the date of the grant. Once vested, each Option is exercisable into one Common Share for a period of five years from the date of the grant.
Further details regarding the Plan are set out in the Management Information Circular of the Company filed on May 16, 2022, which is available on SEDAR.