TORONTO, Aug. 30,
2021 /CNW/ - SQI Diagnostics Inc. ("SQI" or the
"Company") (TSX-V: SQD) (OTCQB: SQIDF), a life sciences and
diagnostics company that develops and commercializes proprietary
technologies and products for advanced microarray diagnostics,
today announced that effective August 27,
2021, it has granted an aggregate of 3,385,000 stock options
("Options") to a consultant and certain employees and
officers of the Company under the Company's amended and restated
stock option plan (the "Plan"). The goal of the grant of
Options is to align the interests of the Company's employees,
officers and directors with those of shareholders. The Options were
granted at an exercise price of $0.175.
![SQI Diagnostics Inc. Logo (CNW Group/SQI Diagnostics Inc.) SQI Diagnostics Inc. Logo (CNW Group/SQI Diagnostics Inc.)](https://mma.prnewswire.com/media/1604355/SQI_Diagnostics_Inc__SQI_Diagnostics_Inc__Announces_Grant_of_Sto.jpg)
The Plan was approved by shareholders at the Company's annual
and special meeting held on March 31,
2021. The Options have a term of 5 years and vest over a
maximum period of 36 months. Following the grant of Options, there
will be 15,300,819 Options outstanding. There are currently
362,530,239 shares outstanding.
About SQI Diagnostics
SQI Diagnostics is a life sciences and diagnostics company that
is leading the way in healthcare utilizing state-of-the-art
technology to rapidly diagnose, triage and provide medical insights
to patients. We strive to improve people's lives and assist their
healthcare providers by providing quality clinical health
information backed by years of research and clinical data. For more
information, please visit www.sqidiagnostics.com.
Contact:
Chief Financial Officer
Morlan Reddock
416.674.9500 ext. 277
mreddock@sqidiagnostics.com
FORWARD-LOOKING INFORMATION
This press release contains certain words and statements,
which may constitute "forward-looking statements" within the
meaning of applicable securities laws relating to future events or
future performance and reflect the current expectations and
assumptions of the Company regarding its growth, results of
operations, performance, business prospects and opportunities.
These statements generally can be identified by use of
forward-looking words such as "may", "would", "could", "will",
"should", "expect", "plan", "estimate", "anticipate", "intends",
"believe", "potential", or "continue" or the negative thereof or
similar variations. The Company's actual results and performance
discussed herein could differ materially from those expressed or
implied by such statements. Such statements are qualified in their
entirety by the inherent risks and uncertainties surrounding future
expectations. Important factors that could cause actual results to
differ materially from expectations include, among other things,
general economic and market factors, competition, the effect of the
global pandemic and consequent economic disruption, and the factors
detailed in the Company's ongoing filings with the securities
regulatory authorities, available at www.sedar.com. Although the
forward-looking statements contained herein are based on what we
consider to be reasonable assumptions based on information
currently available to us, there can be no assurance that actual
events, performance or results will be consistent with these
forward looking statements, and our assumptions may prove to be
incorrect. Readers are cautioned not to place undue reliance on
these forward-looking statements. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements either as a result of new information, future events or
otherwise, except as required by applicable law.
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.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/sqi-diagnostics-inc-announces-grant-of-stock-options-301365101.html
SOURCE SQI Diagnostics Inc.