Cotec Holdings Corp. Grants Deferred Share Units and Incentive Stock Options
Vancouver, British Columbia – APRIL 25, 2023 – CoTec Holdings Corp. (TSXV: CTH) (“CoTec” or the “Company”) announces that the Company has granted an aggregate of 550,000 deferred share units to non-executive directors of the Board of Directors (“Board”) and a technical advisor to the Board. Furthermore, the Company granted an aggregate 1,631,905 incentive stock options (the "Options") to the Chief Executive Officer, other officers, management and employees of the Company. The Options vest over a three (3) year term, are exercisable at $0.50 per share, being the higher of the closing share price on the day preceding the award and the price of the latest fundraise and are valid for a ten-year period. The Options have been granted under and are governed by the terms of the Company's long-term incentive plan and are subject to the policies of the TSX Venture Exchange.
CoTec is an ESG-focused company investing in innovative technologies that have the potential to fundamentally change the way metals and minerals can be extracted and processed. The Company is committed to supporting the transition to a lower carbon future for the extraction industry, a sector on the cusp of a green revolution as it embraces technology and innovation. CoTec is a publicly traded mining issuer listed on the Toronto Venture Stock Exchange and trades under the symbol CTH.V
For further information, please contact:
Braam Jonker – (604) 992-5600
Forward-Looking Information Cautionary Statement
Statements in this press release regarding the Company and its investments which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including statements relating to management’s expectations with respect to its current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. For further details regarding risks and uncertainties facing the Company please refer to “Risk Factors” in the Company’s filing statement dated April 6, 2022, a copy of which may be found under the Company’s SEDAR profile at www.sedar.com.
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 news release.