Helium Evolution Announces Grant of Stock Options
June 30 2022 - 4:46PM
Helium Evolution Incorporated (TSXV:HEVI) ("
Helium
Evolution" 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, officers and consultants (the "
Option
Recipients").
In aggregate, 4,000,000 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
$0.385. 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 June 30th, 2027.
These grants represent compensation to the
Option Recipients for their respective service to the Company as
directors, officers 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
Helium Evolution 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. Additional information is available on
the Company’s website, including a current corporate presentation
and a ‘deep-dive’ research report commissioned by Helium Evolution,
and we encourage you to follow the Company on LinkedIn and Twitter
for ongoing corporate updates and helium industry information.
For further information, please
contact:
Greg Robb, President & CEORyan Tomlinson, CFO |
Phone: 1-587-330-2459 Email: info@heliumevolution.caWeb:
https://www.heliumevolution.ca/ |
|
|
Cindy Gray, Investor
Relations |
info@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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