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Route1 grants options to acquire 250,000 shares
2021-10-07 16:29 ET - News Release
Mr. Tony Busseri reports
ROUTE1 ANNOUNCES STOCK OPTION GRANT
Route1 Inc. yesterday granted an employee 250,000 stock options each with an exercise price of 50 cents. The stock options will expire on Oct. 7, 2026, and will vest 30 per cent on the first anniversary, 30 per cent on the second anniversary and the remainder on the third anniversary.
Under the company's stock option plan, 10 per cent of the issued capital is reserved for issuance for a total of 3,813,996 options. Including the above grant, a total of 3,025,000 options are currently outstanding under the company's stock option plan.