VANCOUVER, British Columbia, August 09, 2022--(BUSINESS WIRE)--Ynvisible Interactive Inc. (the "Company" or "Ynvisible") (TSX-V: YNV; OTCQB: YNVYF) announces that it has granted incentive stock options to officers, directors, employees, and consultants of the Company to acquire an aggregate of 2,705,000 common shares in the capital of the Company at an exercise price of $0.20 (the "Stock Options"), pursuant to the Company’s stock option plan.
A total of 1,150,000 of the Stock Options were granted to certain officers and/or directors of the Company and 25,000 (the "IR Stock Options") to a provider of investor relations services. All Stock Options are exercisable for a five-year term expiring July 20, 2027 (the "Grant Date") and are subject to certain vesting provisions. With the exception of the IR Stock Options, the Stock Options vest 1/4 on the Grant Date, 1/4 on the date that is four months from the Grant Date, 1/4 on the date that is eight months from the Grant Date and the final 1/4 on the date that is 12 months from the Grant Date. In accordance with the policies of the TSX Venture Exchange, the IR Stock Options vest 1/4 on the date that is three months from the Grant Date, 1/4 on the date that is six months from the Grant Date, 1/4 on the date that is nine months from the Grant Date, and the final 1/4 on the date that is 12 months from the Grant Date.
Ynvisible is disrupting the low-cost and ultra-low-power display industry thanks to the latest advantages in sustainable electronics and roll-to-roll printing production. Ynvisible’s printed epaper displays are ideal for low-power and cost-sensitive applications, such as digital signage, smart monitoring label, authenticity and security, and retail labels and signage. Ynvisible has the experience, know-how, and intellectual property in electrochromic materials, inks, and systems and offers a mix of services, materials, and technology to brand owners developing smart objects and IoT products. Additional information on Ynvisible is available at www.ynvisible.com.
ON BEHALF OF THE BOARD OF DIRECTORS
CEO and Executive Chairman
Ynvisible Interactive Inc.
Neither 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.
This news release contains certain statements that may be deemed "forward-looking" statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Although Ynvisible Interactive Inc. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the management of Ynvisible Interactive Inc. on the date the statements are made. Except as required by law, Ynvisible Interactive Inc. undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.
View source version on businesswire.com: https://www.businesswire.com/news/home/20220809005775/en/
For further information: