Zefiro Methane Corp. Announces Grant of Stock Options

Rhea-AI Summary

Zefiro Methane Corp. (ZEFIF) has granted 2,950,000 incentive stock options to its officers, directors, and consultants. These options have an exercise price of $1.68 per share and will expire in five years from the grant date. The vesting schedule is structured in 25% increments, starting 18 months after the grant date and continuing every three months thereafter. This grant aligns with the company's stock option plan and complies with Cboe Canada exchange policies.

Positive

• Incentive alignment between company and key personnel through stock options
• Long-term vesting schedule encourages retention of officers, directors, and consultants

Negative

• Potential future dilution of existing shareholders' equity

FORT LAUDERDALE, Fla., July 24, 2024 (GLOBE NEWSWIRE) -- ZEFIRO METHANE CORP. (Cboe Canada: ZEFI) (Frankfurt: Y6B) (OTCQB: ZEFIF) (the “Company”, “Zefiro”, or “ZEFI”) is pleased to announce it has granted a total of 2,950,000 incentive stock options to purchase common shares to officers, directors, and consultants of the Company. The stock options have an exercise price of $1.68 per share and expire in five years from the date of grant. The stock options vest in 25% increments, beginning 18 months after the date of grant and then every three months thereafter, subject to the terms of the grants.

The options were granted in accordance with and subject to the Company’s stock option plan and are also subject to the applicable policies of the Cboe Canada exchange.

About Zefiro Methane Corp.

Zefiro is an environmental services company, specializing in methane abatement. Zefiro strives to be a key commercial force towards Active Sustainability. Leveraging decades of operational expertise, Zefiro is building a new toolkit to clean up air, land, and water sources directly impacted by methane leaks. The Company has built a fully integrated ground operation driven by an innovative monetization solution for the emerging methane abatement marketplace. As an originator of high-quality U.S.-based methane offsets, Zefiro aims to generate long-term economic, environmental, and social returns.

On behalf of the Board of Directors of the Company,

ZEFIRO METHANE CORP.

“Talal Debs”

Talal Debs, Founder & CEO

For further information, please contact:

Zefiro Investor Relations
1 (800) 274-ZEFI (274-9334)
investor@zefiromethane.com

For media inquiries, please contact:

Rich Myers - Profile Advisors (New York)
media@zefiromethane.com
+1 (347) 774-1125

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information is often, but not always, identified by the use of words such as “seeks”, “believes”, “plans”, “expects”, “intends”, “estimates”, “anticipates” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. In particular, this news release contains forward-looking information including statements regarding: the Company’s intention to reduce emissions from end-of-life oil and gas wells and eliminate methane gas; the Company’s partnerships with industry operators, state agencies, and federal governments; the Company’s expectations for continued increases in revenues and EBITDA growth as a result of these partnerships; the Company’s intentions to build out its presence in the United States; the anticipated federal funding for orphaned well site plugging, remediation and restoring activities; the Company’s expectations to become a growing environmental services company; the Company’s ability to provide institutional and retail investors alike with the opportunity to join the Active Sustainability movement; the Company’s ability to generate long-term economic, environmental, and social returns; and other statements regarding the Company’s business and the industry in which the Company operates. The forward-looking information reflects management’s current expectations based on information currently available and are subject to a number of risks and uncertainties that may cause outcomes to differ materially from those discussed in the forward-looking information. Although the Company believes that the assumptions and factors used in preparing the forward-looking information are reasonable, undue reliance should not be placed on such information and no assurance can be given that such events will occur in the disclosed timeframes or at all. Factors that could cause actual results or events to differ materially from current expectations include, but are not limited to: (i) adverse general market and economic conditions; (ii) changes to and price and volume volatility in the carbon market; (iii) changes to the regulatory landscape and global policies applicable to the Company's business; (iv) failure to obtain all necessary regulatory approvals; and (v) other risk factors set forth in its Prospectus dated April 8, 2024 under the heading “Risk Factors”. The Company operates in a rapidly evolving environment where technologies are in the early stage of adoption. New risk factors emerge from time to time, and it is impossible for the Company’s management to predict all risk factors, nor can the Company assess the impact of all factors on Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ from those contained in any forward-looking information. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The forward-looking information included in this news release is made as of the date of this news release and the Company expressly disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable law.

Statement Regarding Third-Party Investor Relations Firms

Disclosures relating to investor relations firms retained by Zefiro Methane Corp. can be found under the Company's profile on SEDAR+ at www.sedarplus.ca/.

FAQ

How many stock options did Zefiro Methane Corp. (ZEFIF) grant in July 2024?

Zefiro Methane Corp. (ZEFIF) granted a total of 2,950,000 incentive stock options in July 2024.

What is the exercise price for Zefiro Methane Corp.'s (ZEFIF) newly granted stock options?

The exercise price for Zefiro Methane Corp.'s (ZEFIF) newly granted stock options is $1.68 per share.

When do the stock options granted by Zefiro Methane Corp. (ZEFIF) in July 2024 expire?

The stock options granted by Zefiro Methane Corp. (ZEFIF) in July 2024 expire in five years from the date of grant.

What is the vesting schedule for Zefiro Methane Corp.'s (ZEFIF) newly granted stock options?

The stock options vest in 25% increments, beginning 18 months after the date of grant and then every three months thereafter.