Mr. Bill Mitoulas reports
TURNIUM TECHNOLOGY ANNOUNCES INCENTIVE STOCK OPTION GRANT
Turnium Technology Group Inc.'s board of directors has authorized the grant of an aggregate of 3.1 million incentive stock options to directors, officers and employees of the company, at an exercise price of 10 cents per common share.
The options are exercisable for a five-year period from the date of grant. Certain grants will be subject to vesting terms in accordance with the terms of the option plan.
The options are granted pursuant to the company's amended and restated stock option plan, which was most recently approved by shareholders at the company's annual general meeting of shareholders, and remain subject to the approval of the TSX Venture Exchange.
About Turnium Technology Group Inc.
Turnium Technology Group delivers its SD-WAN (software-defined wide-area network) solution as a white-label, containerized, disaggregated software platform that channel partners host, manage, brand and price and as a managed cloud-native service provided by Turnium. Both Turnium SD-WAN offers are available through a channel partner program designed for communications service providers, Internet and managed service providers, system integrators, and value-added resellers.
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