(TheNewswire)
Vancouver, B .C. – TheNewswire - April 14, 2022. Plank Ventures Ltd. (“Plank” or the “Company”) (CSE:PLNK) is pleased toannounce that the Company’s board of directors has approved thegranting of stock options (the “Options”) exercisable for a totalof 1,212,500 common shares to its directors, officers, employees andconsultants at an exercise price of CAD$0.23 per common share. AllOptions were granted pursuant to the Company’s stock option plan andare subject to the terms of the applicable grant agreements and therequirements of the Canadian Securities Exchange.
The options are subject to a 4-year vesting period,with ¼ of the options vesting one-year after the date of the grantand the remaining options vesting on a monthly basis thereafter. Theoptions expire 10 years from the date of the grant, subject to theoptionees continuing to act as directors, officers or consultants ofthe Company.
Following the grant of stock options, the Company nowhas a total of 1,262,500 stock options issued representingapproximately 7.12% of the outstanding common shares of theCompany.
About Plank Ventures Ltd.
Plank is an investment company targeting investmentsand business opportunities in the technology arena, focusing onearly-stage start-up companies that already have developed a customerand revenue base and were seeking funding for expansion.
ON BEHALF OF THE BOARD OFDIRECTORS
“Laurie Baggio”
CEO and Director
For additional information please contact:
Laurie Baggio, CEO Tel: 604-428-7050
All statements in this pressrelease, other than statements of historical fact, are“forward-looking information” with respect to the Company, and their respectivebusiness within the meaningof applicable securities laws, including the business plans and prospects of theCompany . The Company provide s forward-looking statements for the purpose of conveying informationabout current expectations and plans relating to the future andreaders are cautioned that such statements may not be appropriate forother purposes. By its nature, this information is subject to inherentrisks and uncertainties that may be general or specific and which giverise to the possibility that expectations, forecasts, predictions,projections or conclusions will not prove to be accurate, thatassumptions may not be correct and that objectives, strategic goalsand priorities will not be achieved. These risks and uncertaintiesinclude but are not limited those identified and reported in the Company’s public filings under its SEDAR profile at www.sedar.com. Although the Company ha s attempted to identifyimportant factors that could cause actual actions, events or resultsto differ materially from those described in forward-lookinginformation, there may be other factors that cause actions, events orresults not to be as anticipated, estimated or intended. There can beno assurance that such information will prove to be accurate as actualresults and future events could differ materially from thoseanticipated in such statements. The Company disclaim s any intention or obligation to update orrevise any forward-looking information, whether as a result of newinformation, future events or otherwise unless required bylaw .
The Canadian Securities Exchange(CSE) has not reviewed and does not accept responsibility for theadequacy or the accuracy of the contents of this release.
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