20:51:45 EDT Mon 29 Apr 2024
Enter Symbol
or Name
USA
CA



Sona Nanotech Inc
Symbol SONA
Shares Issued 95,095,360
Close 2023-07-10 C$ 0.24
Market Cap C$ 22,822,886
Recent Sedar Documents

Sona Nanotech grants options to buy 900,000 shares

2023-07-11 14:08 ET - News Release

Mr. David Regan reports

SONA NANOTECH GRANTS OPTIONS

Sona Nanotech Inc. has granted 900,000 incentive stock options under the company's stock option plan of which 825,000 have been granted to directors and officers. Each option is exercisable into one common share at a price of $0.25 per share. 600,000 options will vest at the rate of 25% every six months and 300,000 options issued to Officers are performance-based options tied to specific goals of the Targeted Hyperthermia Therapy program. The options will expire five years from the date of grant. All other terms and conditions of the options are in accordance with the terms of the Company's Option Plan.

About Sona Nanotech Inc.

Sona Nanotech is a nanotechnology life sciences firm that has developed multiple proprietary methods for the manufacture of various types of gold nanoparticles. The principal business carried out and intended to be continued by Sona is the development and application of its proprietary technologies for use in multiplex diagnostic testing platforms that will improve performance over existing tests in the market. Sona Nanotech's gold nanorod particles are cetyltrimethylammonium ("CTAB") free, eliminating the toxicity risks associated with the use of other gold nanorod technologies in medical applications. It is expected that Sona's gold nanotechnologies may be adapted for use in applications, as a safe and effective delivery system for multiple medical treatments, subject to the approval of various regulatory boards, including Health Canada and the FDA.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/173067

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