RSU Issued Recently Does this set the stage for the stock? Options and RSU are in place and the metaverse land sale is happening this weekend. Literally the company could generate revenue from the land sale that is greater the market value of the company.
"Issuance of Options and RSUs
The Company announces that it has granted 50,000 incentive purchase options to Mr. Sweeney. Each share purchase option is exercisable for a period of two years at an exercise price of CAD 0.75 per common share of the Company. The options vest after four months from the grant date.
The Company is also announcing that pursuant to its shareholder approved restricted share unit plan (the "RSU Plan"), it has granted an aggregate of 5,925,000 restricted share units ("RSUs") to directors, officers and consultants (the "Eligible Parties") of the Company. The RSUs that have been granted to directors of the Company will vest over a period of 18 months. Of the aggregate RSUs granted, 25,000 RSUs have been granted to Meadowbank Holdings Inc. ("Meadowbank"). As previously announced by the Company on October 24, 2021, the Company engaged an affiliate of Meadowbank to provide investor relations, capital markets and corporate development advisory services. These additional RSUs granted to Meadowbank are in addition to the previously reported compensation paid to Meadowbank for its services. Meadowbank and its affiliates are unrelated and unaffiliated entities of the Company. The RSUs shall entitle the Eligible Parties the ability to acquire one common share (a "Share") of the Company underlying each such RSU by delivering a notice of acquisition to the Company in accordance with the RSU Plan for a period of five years from issuance. In accordance with the RSU Plan, the RSUs were priced at CAD 0.70 based on the previous closing price on the trading day prior to the RSU grant."