Mr. Paul Rivas reports
NEXTGEN FOOD ROBOTICS ANNOUNCES DIRECTOR APPOINTMENT AND GRANT OF STOCK OPTIONS
Nextgen Food Robotics Corp. has appointed Melody Cooper to its board of directors and as corporate secretary.
Mrs. Cooper has served as the company's director of commissary operations since December, 2021, and will now leverage her deep understanding of the company's operations in her role on the board of directors.
Mrs. Cooper has also replaced Paul Rivas as corporate secretary of the company, who had assumed the role of corporate secretary in the interim following the resignation of the company's previous corporate secretary on Aug. 21, 2023. Mr. Rivas will continue to serve as a director and the chief executive officer of the company.
The company also today announces that the board of directors of the company has approved the grant of an aggregate of 200,000 options to purchase common shares in the capital of the company to certain directors and employees of the company. Of the options granted, 100,000 options are exercisable at a price of 60 cents per common share for a term of three years, 50 per cent of which vest on the date that is nine months following grant and 50 per cent of which vest on the date that is 17 months following grant. The other 100,000 options are exercisable at 55 cents for a term of five years and which vest quarterly over the three-year period following grant.
About Nextgen Food Robotics
Corp.
Nextgen Food Robotics is an automated robotic food co-packer and manufacturer that uses technology to modernize its food manufacturing processes. Additionally, Nextgen is developing the Lily app, which is an artifical-intelligence-powered food application.
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