Mr. Laurie Baggio reports
MOBIO TECHNOLOGIES INC. ANNOUNCES GRANT OF STOCK OPTIONS
Mobio Technologies Inc. has granted an aggregate of 100,000 incentive stock options to an employee and a consultant of the company.
The options are exercisable at a price of 15 cents per common share and expire on March 6, 2036.
Vesting
One hundred thousand options vest over four years, with 0 per cent vesting during the first 12 months, followed by one-36th vesting monthly, resulting in full vesting on the fourth anniversary of the grant date.
Insider breakdown
No options were granted to insiders of the company.
10-per-cent rolling stock option plan
The options were granted under the company's 10-per-cent rolling stock option plan, which has been approved by shareholders and accepted by the TSX Venture Exchange. Following this grant, the company remains within the limits permitted under the plan.
About Mobio Technologies Inc.
Mobio Technologies, a TSX Venture Exchange-listed company, is actively building a leading portfolio of moving and moving-related service brands, united by a dedication to quality, integrity and exceptional customer experiences. As a public company, Mobio strategically invests in both moving services and technology solutions, aiming to provide homeowners, businesses and entrepreneurs with a trusted, seamless network for all moving and relocation needs.
We seek Safe Harbor.
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