The Hydropothecary Corp. (TSXV:THCX) has made stock option grants available to its directors and officers.
Under its stock option plan, the grant is to acquire a total of 1.75 million common shares of the company. There has also been a grant option to acquire a total of 20,000 common shares of the company put forth to employees under executive class.
Regardless of the grant option, they are exercisable at $2.69 per share. 50% of them will vest immediately, with the balance vesting annually over 3 years.
The options have a 10-year term and are subject to the terms of the company’s stock option plan as well as the TSX Venture Exchange standard requirements.
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