Torrent Capital Grants Options & Restricted Share Units
February 21, 2025 – Halifax, Canada – Torrent Capital Ltd. (TSXV: TORR) (the “Company”) is pleased to announce that it has granted 455,000 incentive stock options under the Company’s Stock Option Plan (“Option Plan”), of which 295,000 have been granted to Directors and Officers and 160,000 options to consultants.
Each option is exercisable into one common share at a price of $0.75 per share and will vest at the rate of 50% on each of the six and twelve month anniversary of the grant date. The options will expire five years from the date of grant. All other terms and conditions of the options are in accordance with the terms of the Company’s Option Plan.
The Company has also issued 90,000 restricted share units (“RSU”), of which 70,000 have been issued to a Director and Officer and 20,000 RSUs to a consultant under the Company’s Restricted Share Unit Plan (“RSU Plan”). Each RSU will vest after one year. All other terms and conditions of the RSUs are in accordance with the terms of the Company’s RSU Plan.
