Ynvisible Interactive Inc. Announces Grant of Stock Options
21 Oktober 2021 - 3:10AM
Business Wire
Ynvisible Interactive Inc. (the “Company” or “Ynvisible”)
(TSX-V: YNV; OTCQB: YNVYF) announces that it has granted
incentive stock options to acquire an aggregate of 640,000 common
shares in the capital of the Company at an exercise price of $0.44
(the "Stock Options") in accordance with its 10% rolling
incentive stock option plan.
A total of 350,000 of these Stock Options were granted to
certain directors of the Company. All Stock Options are exercisable
for a five-year term expiring October 20, 2026 and are subject to
certain vesting provisions with 1/3 of the Stock Options vesting on
the date that is nine months from the date of grant, 1/3 vesting on
the date that is 21 months from the date of grant, and the final
1/3 vesting on the date that is 33 months from the date of
grant.
About Ynvisible Interactive Inc.
Ynvisible is a leading company in the emerging printed and
flexible electronics sector. Given the cost and power-consumption
advantages over conventional electronics, printed electronics are a
key enabler of mass adoption of the Internet of Things ("IoT") and
smart objects. Ynvisible has the experience, know-how and
intellectual property in electrochromic materials, inks, and
systems. Ynvisible's interactive printed graphics solutions solve
the need for ultra-low power, mass deployable, & easy-to-use
electronic displays and indicators for everyday smart objects, IoT
devices, and ambient intelligence (intelligent surfaces). Ynvisible
offers a mix of services, materials, and technology to brand owners
developing smart objects and IoT products. Additional information
on Ynvisible is available at www.ynvisible.com
ON BEHALF OF THE BOARD OF DIRECTORS
"Michael Robinson," CEO, Ynvisible Interactive Inc.
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.
Forward-Looking Statements
This news release contains forward-looking statements.
Forward-looking statements address future events and conditions and
therefore involve inherent risks and uncertainties. All statements,
other than statements of historical fact, that address activities,
events or developments the Company believes, expects or anticipates
will or may occur in the future, including, without limitation,
statements about the Company's Q3 forecast of sales, cost of sales,
operating expenses and income from other sources; the Company's
business strategy, plans and outlooks; the future financial or
operating performance of the Company; and future marketing and
operating plans are forward-looking statements. Forward-looking
statements are subject to a number of risks and uncertainties that
may cause the actual results of the Company to differ materially
from those discussed in the forward-looking statements and, even if
such actual results are realized or substantially realized, there
can be no assurance that they will have the expected consequences
to, or effects on, the Company. Factors that could cause actual
results or events to differ materially from current expectations
include, among other things: the impact of COVID-19; risks and
uncertainties related to additional costs being subsequently
identified and the allocation of costs between reporting periods;
and the possibility that the actual financial results will not be
consistent with the Company's expectations. Actual results may
differ materially from those currently anticipated in such
statements. Readers are encouraged to refer to the Company's public
disclosure documents for a more detailed discussion of factors that
may impact expected future results. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements, unless required pursuant to applicable laws.
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version on businesswire.com: https://www.businesswire.com/news/home/20211020006175/en/
For further information, please contact: Investor
Relations Elyssia Patterson +1 778-683-4324 ir@ynvisible.com
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