WOW! Unlimited Media Inc. (fka WOWMF)

[rickn23]

WOW! Unlimited Media Inc. Announces Grant of Stock Options

https://www.globenewswire.com/news-release/2021/02/12/2175179/0/en/WOW-Unlimited-Media-Inc-Announces-Grant-of-Stock-Options.html

On February 10, 2021, the Company granted a total of 895,000 stock options, expiring in five (5) years, to certain employees and officers, including an aggregate of 400,000 stock options granted to the current Named Officers of WOW! (as disclosed in the Company’s management circular dated May 18, 2020). Each stock option entitles the holder thereof to subscribe for one (1) common share of the Company at an exercise price of C$0.62 per common share, calculated using the “10-day Volume Weighted Average Price” of the Company’s shares for the period ending, and including, February 9, 2021, as quoted on the TSX Venture Exchange.

In accordance with securities regulator requirements, any shares issued pursuant to the exercise of such stock options will be subject to resale restrictions for a period of four months from the date of grant.