NANAIMO,
BC, April 22, 2022 /CNW/ - Atlas Engineered
Products ("Alas", "AEP" or the "Company") (TSXV: AEP) (OTC Markets:
APEUF) announces that the Company has granted a total of 200,000
incentive stock options to the independent directors in accordance
with the Company's stock option plan. Each option is
exercisable into one common share of the Company at a price of
$0.64 per share, being the closing
price of the Company's common shares on the TSX Venture Exchange on
April 21, 2022. The options
will vest and become exercisable in equal 1/3 tranches every 6
months over a period of 18 months from the grant date, and will
expire on April 22, 2027.
About Atlas Engineered Products
Ltd.
AEP is a growth company that is acquiring and operating
profitable, well-established operations in Canada's truss and engineered products
industry. We have a well-defined and disciplined acquisition and
operating growth strategy enabling us to scale aggressively and
apply new technologies, giving us a unique opportunity to
consolidate a fragmented industry of independent operators.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES
PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR
ACCURACY OF THIS RELEASE.
SOURCE Atlas Engineered Products Ltd.