Argo Grants Incentive Stock Options
Rhea-AI Summary
Argo Living Soils Corp. (ARLSF) has announced the granting of 1,800,000 incentive stock options to its directors, officers, employees, and consultants. The options, which will vest immediately, allow holders to purchase common shares at $0.65 per share. These options have a three-year term expiring on May 23, 2028, and are subject to a four-month hold period from the grant date.
Positive
- Immediate vesting of options provides instant incentive alignment
- Three-year term gives option holders sufficient time to benefit from potential stock appreciation
Negative
- Potential dilution of 1,800,000 shares if all options are exercised
- Four-month hold period restricts immediate liquidity for option holders
Vancouver, British Columbia--(Newsfile Corp. - May 24, 2025) - Argo Living Soils Corp. (CSE: ARGO) (OTCQB: ARLSF) (FSE: 94Y0) ("Argo" or the "Company") is pleased to announce that, pursuant to the company's stock option plan, the board of directors has granted 1,800,000 incentive stock options to certain directors, officers, employees, and consultants of the Company, which will vest immediately.
Each option will allow the holder to purchase one common share of the Company at a price of
About Argo
Argo Living Soils Corp. is dedicated to pioneering sustainable solutions in construction and agriculture. Argo is focusing on graphene infused concrete solutions and organic fertilizer product development. Argo aims to reduce global carbon emissions while delivering innovative, eco-friendly products.
For further information, please contact:
Robert Intile, CEO
Argo Living Soils Corp.
Email: robert.intile@argolivingsoils.com
Phone: 604-763-4017
The Canadian Securities Exchange has not reviewed this press release and does not accept responsibility for the adequacy or accuracy of this news release.
Certain information contained herein constitutes "forward-looking information" under Canadian securities legislation. Forward-looking information includes, but is not limited to, Argo creating an established brand of organic and/or environmentally friendly products. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "will", "will have", "intend" "plans", "aims", "potential" or variations of such words and phrases or statements that certain actions, events or results "will" occur. Forward-looking statements are based on the opinions and estimates of management as of the date such statements are made and they are from those expressed or implied by such forward-looking statements or forward-looking information subject to known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different, including receipt of all necessary regulatory approvals. Although management of the Company have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. The Company will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253339
FAQ
How many stock options did Argo Living Soils (ARLSF) grant in May 2024?
What is the exercise price for ARLSF's May 2024 stock options?
When do Argo Living Soils' (ARLSF) May 2024 stock options expire?
What is the vesting period for ARLSF's May 2024 stock options?
