An anonymous director reports
NOVATEQNI CORPORATION GRANTS STOCK OPTIONS
NovaTeqni Corp., pursuant to its stock option plan, has granted stock options to acquire up to an aggregate of 1,325,000 common shares of the company, of which 850,000 stock options were granted to certain directors and officers of the company. Each of the stock options is exercisable for a five-year term expiring on Feb. 21, 2022, and exercisable until that time at a price of 25 cents per common share. On Feb. 21, 2017, the closing price of NovaTeqni's common shares on the TSX Venture Exchange was 25 cents per share. The stock options vested immediately upon the date of grant. The stock options, and any common shares issued upon exercise of the stock options, are subject to a four-month hold period expiring on June 21, 2017.
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