NANAIMO,
BC, Aug. 21, 2024 /CNW/ - Atlas Engineered
Products ("Atlas", "AEP" or the "Company") (TSXV: AEP) (OTC
Markets: APEUF) announced today that it has granted a total of
1,393,000 incentive stock options to certain independent directors,
executive officers, senior management, key employees, and key
consultants in accordance with the Company's stock option plan.
400,000 of the options granted were granted to independent
directors and 400,000 were granted to executive officers of the
Company. Each option is exercisable to acquire one common share of
the Company at a price of $1.30 per
share, being the closing price of the Company's common shares on
the TSX Venture Exchange on August 20,
2024. The options for the independent directors, executive
officers, senior management, and key employees 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
August 21, 2029. The options for the
consultants will vest and become exercisable 12 months from the
grant date, and will expire on August
21, 2029.
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.