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Westbridge Renewable Energy Announces Grant of Stock Options
Westbridge Renewable Energy Announces Grant of Stock Options Canada NewsWire ...
About this update from Westbridge Renewable Energy Corp
[{"type":"text","content":"\n \n \n \n Westbridge Renewable Energy Announces Grant of Stock Options\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.prngen2{\nPADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: BOTTOM; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt\n}\n.prnml4{\nMARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT\n}\n.prnbcc{\nBORDER-COLLAPSE: COLLAPSE; BORDER-TOP:1pt black; BORDER-RIGHT:1pt black; BORDER-BOTTOM:1pt black; BORDER-LEFT:1pt black\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n March 21, 2023\n \n \n /CNW/ -\n \n Westbridge Renewable Energy Corporation\n \n (TSXV: WEB) (OTCQX: WEGYF) (FRA: PUQ) (\"\n \n \n Westbridge\n \n \n \", \"\n \n Westbridge Renewable\n \n \" or the \"\n \n Company\n \n \") announces that it has granted stock options to purchase an aggregate of 3,255,000 common shares of the Company (\"\n \n Common Shares\n \n \") to management, directors, and consultants of the Company, of which 1,905,000 were issued to directors and officers of the Company, pursuant to the terms of the Company's Omnibus Long-term Incentive Plan. The options are exercisable at a price of\n \n $0.75\n \n per Common Share. All Options expire on the date that is five years from the date of grant and vest in one-third tranches on the date of grant, and on the one-year and two-year anniversary of the date of grant. The Company granted 50,000 Options to Momentum IR Corp., an investor relations services provider, which vest in four equal tranches on the dates that are six, twelve, eighteen and twenty-four months after the date of grant. Options are subject to approval of the TSX Venture Exchange. The Company has also granted restricted share units (\"RSUs\") representing the right to receive up to an aggregate of 625,000 Common Shares, of which 525,000 RSU's were issued to directors and officers of the Company, subject to the satisfaction of certain vesting conditions, to certain directors, officers, and consultants of the C...