Business
Kleen HY-DRO-GEN Inc. Announces Amendment to Stock Option Plan
Toronto, Ontario--(Newsfile Corp. - February 19, 2026) - Kleen HY-DRO-GEN Inc. (CSE: KLN) (formerly 0755461 B.C. Ltd.) (the "Company") announces that it has amended its rolling stock option plan (the "Plan") to increase the maximum aggregate number of Class A Voting Shares ("Class A Shares") and Class B Non-voting Shares ("Class B Shares") issuable thereunder from 10% to 20% of the aggregate number of the Company's issued and outstanding Class A Shares and Class B Shares, as determined on a...
About this update from Kleen Hy-dro-gen Inc.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - February 19, 2026) - Kleen HY-DRO-GEN Inc. (CSE: KLN) (formerly 0755461 B.C. Ltd.) (the "Company") announces that it has amended its rolling stock option plan (the "Plan") to increase the maximum aggregate number of Class A Voting Shares ("Class A Shares") and Class B Non-voting Shares ("Class B Shares") issuable thereunder from 10% to 20% of the aggregate number of the Company's issued and outstanding Class A Shares and Class B Shares, as determined on a rolling basis at the time of grant. The amendment was approved pursuant to a written resolution of the holder of the Company's Class A Shares and corrects an administrative oversight whereby an earlier version of the Plan was approved which previously only provided for the 10% limit.","length":828,"tagName":"p"},{"type":"text","content":"The Company believes that the increased rolling limit will provide additional flexibility in attracting, retaining and incentivizing directors, officers, employees and consultants, while aligning their interests with those of shareholders.","length":239,"tagName":"p"},{"type":"text","content":"The Plan was further amended to reflect the minimum pricing thresholds set out in section 6.5(3) of Canadian Securities Exchange Policy 6, which requires that the exercise price of any option grant be no less than the greater of $0.05 and the closing market price on both the trading day prior to, and the date of, the grant of such option.","length":340,"tagName":"p"},{"type":"text","content":"In connection with the amended Plan, the Company has granted 600,000 stock options to purchase 600,000 Class B Shares to certain consultants, exercisable at $0.50 per Class B Share and expiring two years from the date of grant, in accordance with the Plan and the applicable option agreements.","length":293,"tagName":"p"},{"type":"text","content":"The Company also announces that the holder of the Class A Shares has approved the ratification of certain previously issued stock options outstanding as of the date of approval, as a one-time approval, notwithstanding that a portion of such options exceeded the Plan's former 10% rolling limit. This ratification relates solely to options outstanding prior to the Plan amendment and does not constitute a further amendment to the Plan.","leng...