Helium Evolution Announces Grant of Stock Options
15 November 2022 - 12:02PM
Helium Evolution Incorporated (TSXV:HEVI) ("
HEVI"
or the "
Company") announces that it has granted
stock options (the "
Options") under the Company's
stock option plan (the "
Option Plan") to certain
officers, employees and consultants (the "
Option
Recipients").
In aggregate, 810,000 Options have been granted,
with 400,000 Options being granted to officers, 335,000 Options
being granted to consultants and 75,000 Options being granted to
investor relations service providers. Each Option represents the
right to receive one common share of the Company upon vesting,
exercisable at a price of $0.31. The Options will vest as to 20% on
each of the 6th, 12th, 18th, 24th and 30th month anniversaries of
the date of grant. The Options will expire on November 14th,
2027.
These grants represent compensation to the
Option Recipients for their respective service to the Company as
officers, employees and consultants of the Company and as an
incentive mechanism to foster the interest of such persons in the
success of the Company.
About Helium Evolution Incorporated
HEVI is a Canadian-based helium exploration and
production company holding the largest helium land rights position
in North America among publicly-traded companies, focused on
developing assets in southern Saskatchewan. The Company has over
five million acres of land under permit near proven discoveries of
economic helium concentrations which will support scaling the
exploration and development efforts across its land base. HEVI's
management and board are executing a differentiated strategy to
become a leading supplier of sustainably-produced helium for the
growing global helium market, offering a compelling opportunity for
investors.
For further information, please
contact:
Greg Robb, President &
CEO |
Phone: 1-587-330-2459
Email: info@heliumevolution.ca Web:
https://www.heliumevolution.ca/ |
|
Cindy Gray, Investor
Relations |
HEVIinfo@5qir.com |
403-705-5076 |
Cautionary Note Regarding Forward Looking
Statements
Certain disclosure in this release, including
statements regarding the vesting of the Options, constitute
forward-looking statements. In making the forward-looking
statements in this release, the Company has applied certain factors
and assumptions that are based on the Company's current beliefs as
well as assumptions made by and information currently available to
the Company, including, but not limited to Option Recipients
continuing in their service to the Company. Although the Company
considers these assumptions to be reasonable based on information
currently available to it, they may prove to be incorrect, and the
forward-looking statements in this release are subject to numerous
risks, uncertainties and other factors that may cause future
results to differ materially from those expressed or implied in
such forward-looking statements. Readers are cautioned not to place
undue reliance on forward-looking statements. The Company does not
intend, and expressly disclaims any intention or obligation to,
update or revise any forward-looking statements whether as a result
of new information, future events or otherwise, except as required
by law.
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.
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