Mr. Dave Burwell reports
OCUMETICS ANNOUNCES ISSUANCE OF STOCK OPTIONS
Ocumetics Technology Corp.
has issued 732,000 incentive stock options to its directors. Each option entitles the holder to purchase one common share in the capital of the corporation at an exercise price per common share of $1.16 for a period of five years, vesting immediately.
The stock options are not transferrable. The common shares issued upon exercise of the stock options will be subject to a four-month resale restriction from the date of grant.
About Ocumetics
Technology Corp.
Ocumetics is a Canadian research and product development company that is dedicated to developing advanced vision correction solutions that enhance the quality of life for patients. Through innovative research and development, Ocumetics aims to transform the field of ophthalmology with state-of-the-art intraocular lenses and other vision-enhancing technologies.
Ocumetics is in the first-in-human early feasibility study phase of a game-changing technology for the ophthalmic industry. Ocumetics has developed an intraocular lens that fits within the natural lens compartment of the eye, potentially to eliminate the need for corrective lenses. It is designed to allow the eye's natural muscle activity to shift focus from distance to near, providing clear vision at all distances without the help of glasses or contact lenses.
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