Business
Personas Announces Stock Option Grant and Cancellation of Certain Stock Options
Toronto, Ontario--(Newsfile Corp. - February 17, 2025) - Personas Social Incorporated (TSXV: PRSN...
About this update from Keek Social Inc.
[{"type":"text","content":"Personas Announces Stock Option Grant and Cancellation of Certain Stock OptionsToronto, Ontario--(Newsfile Corp. - February 17, 2025) - Personas Social Incorporated (TSXV: PRSN) (the \"Company\") is pleased to announce that the Company has granted an aggregate of 24,992,800 stock options (\"Options\") pursuant to its stock option plan (\"Stock Option Plan\") to the directors and officers of the Company, subject to TSX Venture Exchange approval. These Options are being granted at this time as previous options issued to these directors and officers have since expired and went unexercised. The Options entitle the holder to acquire one common share of the Company for each Option held and will be exercisable at a price of $0.05 per common share for a period of 5 years from the date of grant, and will vest immediately. The Options were granted under and are subject to the terms and conditions of the Company's Stock Option Plan.The Company has also confirmed the cancellation of an aggregate of 1,275,000 incentive stock options (\"Cancelled Options\") issued pursuant to its Stock Option Plan on August 29, 2023. The Options were granted to certain employees of the Company, and had an exercise price of $0.10 per common share and expired on August 29, 2027. The Cancelled Options were cancelled due to these employees resigning from their positions with the Company, and the requisite passage of time has taken place, pursuant to the Stock Option Plan, for the Company to cancel these said options. About PersonasPersonas Social Incorporated is a Canada-based company engaged in the business of offering live video conferencing technology, live streaming, social media products and services for use by consumers and businesses, with a focus on mobile (iOS and Android) products. It focuses on providing social commerce-enabled products which allow for a monetizable user experience to all users, consumers and businesses alike. The Company accomplishes this by offering products which are complete with enterprise-grade e-commerce infrastructure including multi-currency, multi-lingual, turnkey mobile commerce suites for users.For further information, please contact:Personas Social IncorporatedMark Itwaru Chairman & Chief Executive Officer Telephone: 647-789-0074 Email: [email protected] StatementsThis press release contains statements t...