TrustBIX Inc. Announces Stock Option Grant

Rhea-AI Summary

TrustBIX Inc. (TBIX) announces the approval of a grant of stock options to its directors, officers, employees, and consultants to purchase up to 8,400,000 common shares at an exercise price of $0.01 per share. The Options will vest over a period of three years and will expire if not exercised within that time frame.

Edmonton, Alberta--(Newsfile Corp. - January 9, 2024) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces that, in accordance with the policies of the TSX Venture Exchange, the Board of Directors has approved a grant of stock options to its directors, officers, employees and consultants to purchase an aggregate of up to 8,400,000 common shares pursuant to its stock option plan ("Options"). The Options have an exercise price of $0.01 per common share and will vest one third on each of the grant, first anniversary and second anniversary dates. The Options will expire in three years if not exercised.

About TrustBIX (TSXV: TBIX)

TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices. Our award-winning technologies offer practical tools trusted by local and international agri-food organizations.

www.TrustBIX.com

Forward-Looking Information

This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company's current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.

FOR MORE INFORMATION CONTACT:

Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: info@trustbix.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 of accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/193690

FAQ

What did TrustBIX Inc. (TBIX) announce?

TrustBIX Inc. (TBIX) announced the approval of a grant of stock options to its directors, officers, employees, and consultants to purchase up to 8,400,000 common shares at an exercise price of $0.01 per share.

How many common shares can be purchased through the stock options?

Up to 8,400,000 common shares can be purchased through the stock options.

What is the exercise price of the stock options?

The exercise price of the stock options is $0.01 per common share.

How will the stock options vest?

The stock options will vest one third on each of the grant, first anniversary, and second anniversary dates.

When will the stock options expire?

The stock options will expire in three years if not exercised within that time frame.