Mr. Jagdip Bal reports
INCENTIVE STOCK OPTION GRANT
Umbral Energy Corp. has granted a total of two million incentive stock options to directors, officers, employees and/or consultants under the company's stock option plan. The options are exercisable at 10 cents per share and will expire Aug. 16, 2022. Following this grant of options, the company has 3.5 million stock options outstanding.
These incentive stock options are being granted to Debra Senger as set out in the share purchase agreement announced by news release dated July 5, 2017. Ms. Senger is the president and chief executive officer of
PhyeinMed Inc., a Health Canada late-stage applicant under the ACMPR (access to cannabis for medical purposes regulations)
About Umbral Energy Corp.
The company is currently listed as a junior resource issuer having mineral exploration projects. The company is considering other activities to increase shareholder value, including non-resource projects.
The company has mineral exploration projects in Utah, Nevada and Quebec. In addition the company has a 75-per-cent interest in PhyeinMed, who has applied for a licence from Health Canada to legally grow and sell medical marijuana.
We seek Safe Harbor.
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