Vancouver, British Columbia– TheNewswire - January 14 , 2022 – Harrys Manufacturing Inc. (CSE: HARY) (CNSX:HARY.CN) (the “ Company ” or “ Harrys ”) is pleased to announce that pursuant to itsincentive stock option plan (“ Option Plan ”), it has issued an aggregate of1,750,000 stock options (the “ Options ”) to directors and officers and aconsultant (the “ Consultant ”) of the Company. Each Option isexercisable for one common share in the capital of the Company (each,a “ Share ”) at an exercise price of $0.11 per Share. The Optionsexpire after five years, with the exception of the Options granted tothe Consultant, which expire after two years. The Options vest as ofthe date of the grant. The Options are subject to the terms of theCompany’s Stock Option Plan, any regulatory approvals and aresubject to a statutory hold period expiring on May 15, 2022 inaccordance with applicable Canadian securities laws and the policiesof the Canadian Securities Exchange.
Following the grant of 1,750,000 Options, the Companyhas 6,130,000 Options outstanding. The Option Plan allows the board ofdirectors to issue the equivalent of up to 10% of the issued andoutstanding share capital of the Company on a rolling basis.
Harrys is a wholesale distributor of value priced, highquality, 100% natural tobacco cigarettes. Harrys utilizes varioustypes of tobacco blends to satisfy customer demands and preferencesfor products that meet Health Canada standards. Harrys’ managementteam brings over 50 years of combined experience in the domestic and international tobacco industry. For more information, please visit: www.harrysmfg.com.
ON BEHALF OF THE BOARD
President & CEO
For further information, pleasecontact:
Information inthis news release concerning the Company’s products is indented forthe exclusive use of market investors and is not in any way intendedto promote tobacco products to consumers, which is prohibited byCanadian law.
The CSE hasneither approved nor disapproved the information containedherein.
This news release containsforward-looking statements and other statements that are nothistorical facts. Forward-looking statements are often identified byterms such as "will", "may", "should","anticipate", "expects" and similar expressions.All statements other than statements of historical fact, included inthis release are forward-looking statements that involve risks anduncertainties. There can be no assurance that such statements willprove to be accurate and actual results and future events could differmaterially from those anticipated in such statements. Importantfactors that could cause actual results to differ materially from theCompany's expectations include the failure to satisfy the conditionsof the Canadian Securities Exchange and other risks detailed from timeto time in the filings made by the Company with securitiesregulations.
The reader is cautioned thatassumptions used in the preparation of any forward-looking informationmay prove to be incorrect. Events or circumstances may cause actualresults to differ materially from those predicted, as a result ofnumerous known and unknown risks, uncertainties, and other factors,many of which are beyond thecontrol of the Company. The reader is cautioned not to place unduereliance on any forward-looking information. Such information,although considered reasonable by management at the time ofpreparation, may prove to be incorrect and actual results may differmaterially from those anticipated. Forward-looking statementscontained in this news release are expressly qualified by thiscautionary statement. The forward-looking statements contained in thisnews release are made as of the date of this news release and theCompany will update or revise publicly any of the includedforward-looking statements as expressly required by applicablelaw.
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