Mr. Nick Brusatore reports
Pursuant to its incentive stock option plan, Harrys Manufacturing Inc. has issued an aggregate of one million stock options to certain consultants of the company. Each option is exercisable for one common share in the capital of the company at an exercise price of 5.5 cents per share. The options expire after five years and vest as of the date of the grant. The options are subject to the terms of the company's stock option plan and any regulatory approvals and are subject to a statutory hold period expiring on Sept. 30, 2026, in accordance with applicable Canadian securities laws and the policies of the Canadian Securities Exchange.
Following the grant of one million options, the company has 5.2 million options outstanding. The option plan allows the board of directors to issue the equivalent of up to 10 per cent of the issued and outstanding share capital of the company on a rolling basis.
We seek Safe Harbor.
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