Helium Evolution Announces Grant of Stock Options
24 January 2023 - 11:00PM
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 directors and
officers (the "
Option Recipients").
In aggregate, 1,950,000 Options have been
granted, with each Option representing the right to receive one
common share of the Company upon vesting, exercisable at a price of
$0.16. 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 January 24, 2028. These grants represent
compensation to the Option Recipients for their respective service
to the Company as directors and officers 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 &
CEOKristi Kunec, CFO |
Phone: 1-587-330-2459
Email: info@heliumevolution.caWeb:
https://www.heliumevolution.ca/ |
|
Cindy Gray, Investor
Relations |
info@5qir.com | 403-705-5076 |
Statement Regarding Forward-Looking
Information
Certain disclosure in this news release,
including statements regarding the vesting of the Options,
constitute forward-looking statements. In making the
forward-looking statements in this news 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, they may prove
to be incorrect, and the forward-looking statements in this news
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 news release.
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