NANAIMO,
BC, Dec. 20, 2022 /CNW/ - Atlas
Engineered Products ("Alas", "AEP" or the "Company") (TSXV: AEP)
(OTC Markets: APEUF) announced today that it has granted a total of
800,000 incentive stock options to certain of its executive
officers, senior management and key employees in accordance with
the Company's stock option plan. 300,000 of the options granted
were granted to executive officers of the Company. Each option is
exercisable for one common share of the Company at a price of
$0.73 per share, being the closing
price of the Company's common shares on the TSX Venture Exchange on
December 19, 2022. The options will
vest and become exercisable in three equal tranches every 6 months
over a period of 18 months from the grant date, and will expire on
December 20, 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.
www.atlasengineeredproducts.com
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.