International edition
June 16, 2021

The amendment remains subject to the approval of the TSX Venture Exchange

DEQ issues stock options and amends its stock option plan

(US).- DEQ announced the issuance of 585,000 stock options to board members as part of their annual compensation and 200,000 stock options to some employees in accordance with the stock option plan of the Corporation.

A

lso, the company's stock option plan has been amended to increase the number of common shares available for stock option grants under the plan from 5,300,000 to 6,500,000 common shares, which represents less than 10% of the issued and outstanding common shares of the company. The amendment to the stock option plan remains subject to the approval of the TSX Venture Exchange.

A total of 585,000 options were granted to the Board of Directors as follows: Michael Telesmanic, chairman of the Board, has received 120,000 stock options, Earle G. Hall has received 65,000 stock options and the other four members each received 100,000 stock options. Each option will confer to its holder the right to subscribe one common share of DEQ Systems Corp. at an exercise price of us$ 0.46 per share. Stock options are fully vested as of the date of grant.

The Board of Directors further approved the issuance of 200,000 stock options to certain employees of the company. Each option will confer to its holder the right to subscribe one  common share of DEQ at an exercise price of us$ 0.46 per share. Employee stock options are vested at 20 % per year over 5 years.

What is your opinion about this article?
  • I like it
    %
    0 votos
  • I don't like it
    %
    0 votos
  • I have not thought about it
    %
    0 votos
Leave your comment
Newsletter Subscription
Subscribe to receive the latest news and updates
Enter a valid email
Complete the captcha
Thank you for registering to our newsletter.
Follow us on Facebook