Arlen Hansen reports
SIYATA MOBILE ANNOUNCES GRANT OF STOCK OPTIONS
Siyata Mobile Inc. has granted a total of 1.79 million incentive stock options to certain directors, officers and employees of the company in accordance with its stock option plan. The stock options have an exercise price of 55 cents per share and will vest in accordance with the following provisions: 610,000 stock options will vest on a quarterly basis over a 36-month period, in 12 equal tranches, and 50 per cent of 1.18 million stock options will vest immediately upon the date of grant with the remainder of the 1.18 million vesting on a quarterly basis over a 15-month period in five equal tranches. All of the stock options shall expire, if unexercised, five years from the date of grant. The stock options are subject to the approval of the TSX Venture Exchange.
About Siyata Mobile Inc.
Siyata is a leading global developer and provider of innovative cellular communication systems under the Uniden cellular brand. Siyata's connected-vehicle devices and accessories are specifically designed for professional fleets, including trucks, vans, buses, emergency service vehicles, government cars and more.
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