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Parkit Announces Grant of Options

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Parkit Enterprise (TSXV: PKT) has announced the issuance of 1,588,500 stock options to directors, officers, employees, and consultants. The options are exercisable at $0.60 per share and will expire on the tenth anniversary of issuance. Of the total options granted, 1,125,000 were allocated to directors and officers. The options vested immediately upon grant. The company is utilizing exemptions from formal valuation and minority approval requirements under Multilateral Instrument 61-101 and TSX Venture Exchange Policy 5.9 for this issuance.

Parkit Enterprise (TSXV: PKT) ha annunciato l'emissione di 1.588.500 opzioni su azioni per direttori, funzionari, dipendenti e consulenti. Le opzioni sono esercitabili a $0,60 per azione e scadranno al decimo anniversario dell'emissione. Del totale delle opzioni concesse, 1.125.000 sono state allocate a direttori e funzionari. Le opzioni sono maturate immediatamente al momento della concessione. L'azienda sta utilizzando esenzioni da valutazioni formali e requisiti di approvazione di minoranza ai sensi dello Strumento Multilaterale 61-101 e della Politica 5.9 della Borsa TSX Venture per questa emissione.

Parkit Enterprise (TSXV: PKT) ha anunciado la emisión de 1.588.500 opciones sobre acciones para directores, funcionarios, empleados y consultores. Las opciones son ejercitables a $0,60 por acción y caducarán en el décimo aniversario de la emisión. Del total de opciones otorgadas, 1.125.000 fueron asignadas a directores y funcionarios. Las opciones adquirieron de inmediato al momento de la concesión. La empresa está utilizando exenciones de la valoración formal y los requisitos de aprobación minoritaria bajo el Instrumento Multilateral 61-101 y la Política 5.9 de la Bolsa de Valores TSX Venture para esta emisión.

Parkit Enterprise (TSXV: PKT)는 이사, 임원, 직원 및 컨설턴트에게 1,588,500 주식 옵션의 발행을 발표했습니다. 옵션은 $0.60 per 주에 행사할 수 있으며, 발행 후 10주년이 되는 날에 만료됩니다. 총 발행된 옵션 중 1,125,000은 이사와 임원에게 배정되었습니다. 옵션은 부여 즉시 시행됩니다. 회사는 이 발행에 대해 다자간 도구 61-101 및 TSX 벤처 거래소 정책 5.9에 따른 공식 평가 및 소수자 승인 요건의 면제를 활용하고 있습니다.

Parkit Enterprise (TSXV: PKT) a annoncé l'émission de 1.588.500 options sur actions pour les directeurs, les dirigeants, les employés et les consultants. Les options sont exerçables à $0,60 par action et expireront au dixième anniversaire de leur émission. Sur le total des options accordées, 1.125.000 ont été attribuées aux directeurs et aux dirigeants. Les options ont été immédiatement acquises lors de la concession. L'entreprise utilise des exemptions de l'évaluation formelle et des exigences d'approbation des minorités en vertu de l'Instrument Multilatéral 61-101 et de la Politique 5.9 de la Bourse de TSX Venture pour cette émission.

Parkit Enterprise (TSXV: PKT) hat die Ausgabe von 1.588.500 Aktienoptionen für Direktoren, Führungskräfte, Mitarbeiter und Berater angekündigt. Die Optionen sind zu $0,60 pro Aktie ausübbar und laufen am zehnten Jahrestag der Ausgabe ab. Von den insgesamt gewährten Optionen wurden 1.125.000 an Direktoren und Führungskräfte vergeben. Die Optionen sind sofort nach der Gewährung fällig. Das Unternehmen nutzt Ausnahmen von der formalen Bewertung und den Anforderungen an die Zustimmung von Minderheiten gemäß dem Multilateralen Instrument 61-101 und der TSX Venture Exchange Richtlinie 5.9 für diese Ausgabe.

Positive
  • None.
Negative
  • Potential shareholder dilution from 1,588,500 new stock options
  • 71% of options granted to insiders (1,125,000 out of 1,588,500)

Toronto, Ontario--(Newsfile Corp. - December 30, 2024) - Parkit Enterprise Inc. (TSXV: PKT) ("Parkit") announced today that certain directors, officers, employees and consultants have been issued an aggregate of 1,588,500 options pursuant to Parkit's option plan, with each such option being exercisable into one common share at an exercise price of $0.60 at any time on or before the tenth anniversary of its issuance. Each of the options vested on grant.

Of the options granted above, 1,125,000 options were granted to directors and officers of Parkit. Parkit is relying on exemptions from the formal valuation and minority approval requirements of Multilateral Instrument 61-101 and TSX Venture Exchange Policy 5.9, for the issuance of these options, pursuant to Section 5.5(b) (Issuer Not Listed on Specified Markets) and Section 5.7(a) (Fair Market Value Not More Than 25% of Market Capitalization) of MI 61-101, respectively.

About Parkit Enterprise Inc.
Parkit Enterprise is an industrial real estate platform focused on the acquisition, growth and management of strategically located industrial properties across key markets in Canada. In addition, Parkit has parking assets across various markets in the United States of America. Parkit's Common Shares are listed on TSX-V (Symbol: PKT).

For more information, please contact Mr. Carey Chow, Mr. Iqbal Khan or Mr. Steven Scott:

Investor Relations
Contact Number: 1-888-627-9881
Email: ir@parkitenterprise.com

Neither the 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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/235527

FAQ

How many stock options did Parkit Enterprise (TSXV: PKT) grant on December 30, 2024?

Parkit Enterprise granted a total of 1,588,500 stock options, with 1,125,000 options allocated to directors and officers.

What is the exercise price for Parkit's newly issued stock options?

The stock options have an exercise price of $0.60 per share.

When do Parkit's December 2024 granted stock options expire?

The options expire on the tenth anniversary of their issuance date.

Did Parkit's December 2024 stock options have a vesting period?

No, all options vested immediately upon grant.

PARKIT ENTERPRISE INC ORD

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