Petrolympic Ltd. (TSX-V:PCQ; OTC PINK:PCQRF) has granted 1,600,000 options to purchase common shares to the company’s directors and officers.
#Terms of the option grant
The awards were issued under Petrolympic’s existing Stock Option Plan. Each option is exercisable at $0.115 per share.
The options vest immediately and will expire on November 2, 2031.
#Company disclosures
Petrolympic said information in its release concerning forward-looking statements is based on estimates and assumptions that may be affected by business, economic, geological and competitive uncertainties. The company also noted that actual results may differ materially from forward-looking information and that it does not assume an obligation to update those statements.
#Key Takeaways
- Petrolympic granted 1,600,000 stock options to directors and officers.
- The options were issued under the company’s existing Stock Option Plan.
- The exercise price is $0.115 per share.
- The options vest immediately and expire on November 2, 2031.
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