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Share Name | Share Symbol | Market | Type |
---|---|---|---|
EnWave Corporation | TSXV:ENW | TSX Venture | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.255 | 0.25 | 0.255 | 0 | 12:22:37 |
The Program is designed to incentivize and retain key employees. Non-insider employees will have the option to elect to exchange their previously awarded stock options for up to 905,515 new stock options with equivalent value (the "Traded Options"). The Traded Options will have a five-year term and an exercise price of $0.75, which is a premium to the current market price of the Company's common shares. As a result of the Program, the total number of outstanding stock options will be materially reduced.
The Company will also grant a total of 500,000 additional stock options under its current share option plan to certain employees of the Company on the same terms as the Traded Options which vest over 18 months.
About EnWave
EnWave is a global leader in the innovation and application of vacuum microwave dehydration. From its headquarters in Vancouver, BC, EnWave has developed a robust intellectual property portfolio, perfected its Radiant Energy Vacuum (REV™) technology, and transformed an innovative idea into a proven, consistent, and scalable drying solution for the food, pharmaceutical and cannabis industries that vastly outperforms traditional drying methods in efficiency, capacity, product quality, and cost.
With more than fifty royalty-generating partners spanning twenty countries and five continents, EnWave’s licensed partners are creating profitable, never-before-seen snacks and ingredients, improving the quality and consistency of their existing offerings, running leaner and getting to market faster with the company’s patented technology, licensed machinery, and expert guidance.
EnWave’s strategy is to sign royalty-bearing commercial licenses with food and cannabis producers who want to dry better, faster and more economical than freeze drying, rack drying and air drying, and enjoy the following benefits:
Learn more at EnWave.net.
EnWave Corporation Mr. Brent Charleton, CFA President and CEO
For further information:
Brent Charleton, CFA, President and CEO at +1 (778) 378-9616 E-mail: bcharleton@enwave.net
Dylan Murray, CFO at +1 (778) 870-0729E-mail: dmurray@enwave.net
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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