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Black Swan Graphene Provides Corporate Updates, Including Approval of Omnibus Equity Incentive Plan, Grant of Stock Options and Restricted Share Units, Debt Settlement at $0.21 per Share and Market Making and Investor Awareness Agreements
Black Swan Graphene Provides Corporate Updates, Including Approval of Omnibus Equity Incentive Pl...
About this update from Black Swan Graphene Inc
[{"type":"text","content":"\n \n \n \n Black Swan Graphene Provides Corporate Updates, Including Approval of Omnibus Equity Incentive Plan, Grant of Stock Options and Restricted Share Units, Debt Settlement at $0.21 per Share and Market Making and Investor Awareness Agreements\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n Feb. 17, 2023\n \n \n /CNW/ - Black Swan Graphene Inc. (\"Black Swan\" or the \"Company\") (TSXV: SWAN) (OTCQB: BSWGF) is pleased to announce that, subject to TSX Venture Exchange (\"TSXV\") approval, it has proceeded with the corporate actions detailed herein.\n \n \n \n \n \n \n \n \n \n \n Annual General Meeting (\"AGM\").\n \n At the Company's AGM held on\n \n November 25\n \n \n th\n \n , 2022, shareholders elected Messrs.\n \n Simon Marcotte\n \n (President and Chief Executive Officer),\n \n Peter Damouni\n \n (Executive Director),\n \n Harry Swan\n \n (Non-Executive Chairman),\n \n Michael Edwards\n \n (Chief Operating Officer),\n \n David Deak\n \n ,\n \n Roy McDowall\n \n , and\n \n Brad Humphrey\n \n to the Board of Directors.\n \n \n Shareholders also approved the Company's Omnibus Equity Incentive Plan and the grant of 15,175,000 stock options and 7,875,000 restricted share units (\"RSUs\") under the Omnibus Equity Incentive Plan to the directors and officers of the Company. The Company has just filed its Omnibus Equity Plan with the TSXV for approval. For the sake of clarity, the above stock options and RSUs are not new securities being granted, but the same securities detailed and discussed throughout the Company's Filing Statement dated\n \n July 29, 2022\n \n , and available on SEDAR.\n \n \n Mr. Humphrey was granted 350,000 stock options exercisable at a price of\n \n $0.15\n \n per share for a period of five years from their date of grant effective upon his election to the Board of Directors. These options are subject to vesting as to one third immediately upon grant and one third on each of the first and second anniversary of the grant.\n \n \n \n Debt Settlement.\n \n The Company ...