Select Sands Announces Grant of Options
April 13 2018 - 1:46PM
Select Sands Corp. ("Select Sands" or the
"Company") (TSXV:SNS) (OTC:SLSDF) today announced that
certain officers and directors have been issued an aggregate of
2,400,000 options pursuant to the Company’s option plan. Each
option is exercisable into one common share at an exercise price of
Cdn$0.39 at any time on or before the fifth anniversary of its
issuance. The vesting terms for the grants vary with a
portion vesting on grant and a portion vesting on the six month
anniversary of the grant for certain officers and directors and for
certain other directors one half vest on the six month anniversary
of the grant with the remainder vesting on the 12 month anniversary
of the grant. In addition, Kin Communications was granted a
total of 350,000 options pursuant to their investor relations
agreement. Each option is exercisable into one common
share at an exercise price of Cdn$0.50 at any time on or before the
fifth anniversary of the issuance. Such options vest
quarterly over the next 12 months commencing on July 12, 2018.
About Select Sands Corp.Select
Sands Corporation is an industrial silica product company which
owns a number of properties in Arkansas and is currently in
production at its 100% owned, 520-acre Northern White, Tier-1,
silica sands property located near Sandtown, Arkansas, U.S.A.
Select Sands’ goal is to become a key supplier of premium
industrial silica sand and frac sand to North American markets.
Select Sands’ Arkansas properties have a significant logistical
advantage of being significantly closer to oil and gas markets
located in Oklahoma, Texas and Louisiana than sources of similar
sands from the Wisconsin area.
For more information about Select Sands Corp.,
please visit www.selectsands.com or contact:
Zigurds VitolsPresident & CEOPhone: (832) 917-6140
Investor RelationsArlen
HansenSNS@kincommunications.com Phone: (604) 684-6730
Neither 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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