TORONTO, - Global Food and Ingredients Ltd. ( TSXV: PEAS) ("GFI" or the "Company"), announced today that it has granted incentive stock options (the "Options) to certain directors, officers and employees of the Company to acquire an aggregate of 1,300,000 common shares in the capital of the Company, in accordance with the Company's 10% rolling incentive stock option plan. All Options were granted pursuant to the Company's stock option plan and are subject to the terms of the applicable grant agreements and the requirements of the TSX Venture Exchange ("TSXV"). 310,000 of the options were issued to Directors and Officers of the Company.
The Options were granted at an exercise price of $0.88. The Options will vest evenly over the next three years and become fully vested by September 16, 2025. The Options are exercisable for a five-year term, expiring September 16, 2027.
Source : Newswire.ca