CoTec Holdings Corp. Grants Deferred Share Units and Incentive Stock Options

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CoTec Holdings Corp. announces the grant of deferred share units and incentive stock options to directors, officers, management, and employees, enhancing their equity participation and aligning interests with shareholders.

VANCOUVER, BC / ACCESSWIRE / February 20, 2024 / CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") announces that the Company has granted an aggregate of 333,335 deferred share units to non-executive directors of the Board of Directors ("Board"). Furthermore, the Company granted an aggregate 730,000 incentive stock options (the "Options") to an officer, management and employees of the Company. The Options vest over a three (3) year term, are exercisable at $0.75 per share, being the higher of the closing share price on the day preceding the award and the price of the latest fundraise and are valid for a ten-year period. The Options have been granted under and are governed by the terms of the Company's Omnibus Equity Incentive Plan and are subject to the policies of the TSX Venture Exchange.

About CoTec
CoTec is a publicly traded investment issuer listed on the Toronto Venture Stock Exchange ("TSX- V") and the OTCQB and trades under the symbol CTH and CTHCF respectively. The Company is an environment, social, and governance ("ESG")-focused company investing in innovative technologies that have the potential to fundamentally change the way metals and minerals can be extracted and processed for the purpose of applying those technologies to undervalued operating assets and recycling opportunities, as the Company transitions into a mid- tier mineral resource producer.

CoTec is committed to supporting the transition to a lower carbon future for the extraction industry, a sector on the cusp of a green revolution as it embraces technology and innovation. The Company has made four investments to date and is actively pursuing operating opportunities where current technology investments could be deployed.

For further information, please contact:
Braam Jonker - (604) 992-5600

Forward-Looking Information Cautionary Statement
Statements in this press release regarding the Company and its investments which are not historical facts are "forward-looking statements" that involve risks and uncertainties, including statements relating to management's expectations with respect to its current and potential future investments and the benefits to the Company which may be implied from such statements. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. For further details regarding risks and uncertainties facing the Company please refer to "Risk Factors" in the Company's filing statement dated April 6, 2022, a copy of which may be found under the Company's SEDAR profile at www.sedar.com.

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 news release.

SOURCE: CoTec Holdings Corp.

View the original press release on accesswire.com

FAQ

How many deferred share units were granted by CoTec Holdings Corp.?

CoTec Holdings Corp. granted an aggregate of 333,335 deferred share units to non-executive directors of the Board of Directors.

How many incentive stock options were granted by CoTec Holdings Corp.?

CoTec Holdings Corp. granted an aggregate of 730,000 incentive stock options to an officer, management, and employees of the Company.

What is the vesting period for the Options granted by CoTec Holdings Corp.?

The Options granted by CoTec Holdings Corp. vest over a three (3) year term.

At what price are the Options exercisable granted by CoTec Holdings Corp.?

The Options granted by CoTec Holdings Corp. are exercisable at $0.75 per share.

For how long are the Options valid after being granted by CoTec Holdings Corp.?

The Options granted by CoTec Holdings Corp. are valid for a ten-year period.