(TheNewswire)
MISSISSAUGA, ONTARIO – TheNewswire - August 10, 2021 / PlantFuel Life Inc.(CSE:FUEL) (OTC:BLLXF) (FSE:BR1B) (CNSX:FUEL.CN) (the “Company”) announces that it has granted an aggregate of 3,000,000incentive stock options (the “ Options ”) to certain directors and officersof the Company pursuant to its stock option plan at an exercise priceof $0.325 per common share for a period of three years .
Additionally, the Company announces that, further toits news release of March 29, 2021, and pursuant to a consultingagreement (the “ Agreement ”) entered into with a consultant(the “ Consultant ”) and subject to the approval of the Canadian SecuritiesExchange it proposes to issue 76,923 common shares (the“ Shares ”) of the Company at a deemed price of $0.325 per Share for past servicesprovided by the Consultant.
Pursuant to the Agreement, the Company agreed toremunerate the Consultant $25,000, exclusive of HST, per quarter,payable in Shares of the Company. The deemed value of the Shares wasdetermined by the closing market price on the day proceeding theissuance of the Shares.
All Shares issued pursuant to the Agreement will besubject to a mandatory four month hold period from the dates ofissuances.
About PlantFuel Life Inc.
PlantFuel Life Inc is a scientifically focusedplant-based wellness company managed by a group of successfulentrepreneurs who have extensive experience in the areas ofconsumer-packaged goods, manufacturing, logistics, and distribution.FUEL is a CPG life science company focused on the plant-based foodsand supplements industry. https://plantfuel.com/
Media Contact: ir@plantfuel.com
The Canadian Securities Exchange (“ CSE ”) has neitherapproved nor disapproved the contents of this news release. Neitherthe CSE nor its Market Regulator (as that term is defined in thepolicies of the CSE) accepts responsibility for the adequacy oraccuracy of this release.
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