Mr. Austin Fraser reports
CERF INCORPORATED ANNOUNCES STOCK OPTION GRANT
CERF Inc. has granted 1,985,000 stock options to directors, officers, employees and consultants of CERF at an exercise price of 50 cents.
The stock options have been granted pursuant to CERF's 10-per-cent rolling stock option plan and will expire five years from the date of grant. All of the stock options vest as to one-third thereof on each of the first, second and third anniversaries of the date of grant. Subsequent to this stock option grant, CERF will have a total of 3,864,000 stock options outstanding.
The foregoing stock options have been granted following the recently announced changes to CERF's board of directors and executive management team and following the addition of new employees and a consultant upon the completion of CERF's recently announced acquisition of Zedcor Oilfield Rentals Ltd.
© 2024 Canjex Publishing Ltd. All rights reserved.