NANAIMO,
BC, Jan. 4, 2023 /CNW/ - Atlas Engineered
Products ("Alas", "AEP" or the "Company") (TSXV: AEP) (OTC: APEUF)
announced today that it has granted a total of 400,000 incentive
stock options to its 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 $0.74 per share, being the closing price of the
Company's common shares on the TSX Venture Exchange on January 3, 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
January 4, 2028.
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.