AEP:CC - Atlas Engineered Products Announces Grant of Options

Canada NewsWire

NANAIMO, BC , April 22, 2022 /CNW/ - Atlas Engineered Products ("Alas", "AEP" or the "Company") (TSXV: AEP) (OTC Markets: APEUF) announces that the Company has granted a total of 200,000 incentive stock options to the independent directors in accordance with the Company's stock option plan.  Each option is exercisable into one common share of the Company at a price of $0.64 per share, being the closing price of the Company's common shares on the TSX Venture Exchange on April 21 , 2022.  The options will vest and become exercisable in equal 1/3 tranches every 6 months over a period of 18 months from the grant date, and will expire on April 22 , 2027.

AEP is a growth company that is acquiring and operating profitable, well-established operations in Canada's truss and engineered products industry. We have a well-defined and disciplined acquisition and operating growth strategy enabling us to scale aggressively and apply new technologies, giving us a unique opportunity to consolidate a fragmented industry of independent operators.

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.

SOURCE Atlas Engineered Products Ltd.

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