Quantum eMotion (QNC) grants stock options
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Quantum eMotion Corp. (TSXV: QNC) (OTCQB: QNCCF) (FSE: 34Q0) announces that it has granted an aggregate of 3,920,000 stock options to officers and employees of the Corporation in accordance with the Corporation's stock option plan.
Each Option is exercisable for one common share in the capital of QeM (a "Share") at a price of $0.69 per Share. The Options were granted as part of the long-term compensation and employee retention incentives program provided by the Corporation, as well as in accordance with the terms of employment contracts. The Options will vest immediately and will expire on March 20th, 2035.
This grant follows the successful completion of the LIFE offering and the receipt of approximately $2.25 million through the exercise of 15 million common share purchase warrants and demonstrates the strong commitment and confidence to execute the corporation's plan.
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