Cleantek Industries Inc.: Grant of Stock Options

Cleantek Industries (TSXV: CTEK, OTC: GLKFF) approved the grant of incentive stock options to certain directors and officers to acquire an aggregate of 550,000 common shares.

Rhea-AI Summary

Cleantek Industries (TSXV: CTEK, OTC: GLKFF) approved the grant of incentive stock options to certain directors and officers to acquire an aggregate of 550,000 common shares. Each option allows purchase of one share at an exercise price of $0.65, equal to the July 13, 2026 TSX Venture Exchange closing price.

The options were granted under Cleantek's rolling 10% omnibus equity incentive plan and remain subject to plan terms and TSXV acceptance. They vest in three equal tranches on July 14, 2027, 2028, and 2029, and expire on July 14, 2031.

Positive

• Equity incentives covering 550,000 shares for directors and officers
• Exercise price set at market close of $0.65 on July 13, 2026
• Long-dated options expiring July 14, 2031 support multi‑year retention

Negative

• Potential dilution of up to 550,000 shares if all options are exercised
• Vesting period extends to July 14, 2029, delaying full realization of incentives

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Calgary, Alberta--(Newsfile Corp. - July 14, 2026) -  Cleantek Industries Inc. (TSXV: CTEK) ("Cleantek" or the "Company") announces that its board of directors has approved the grant of incentive stock options (the "Options") to certain directors and officers of the Company to acquire an aggregate of 550,000 common shares in the capital of the Company.

Each Option is exercisable to acquire one common share at an exercise price of $0.65 per common share, being the closing price of the Company's common shares on the TSX Venture Exchange (the "TSXV") on July 13, 2026, the last trading day prior to the date of grant.

The Options were granted pursuant to the Company's rolling 10% omnibus equity incentive plan and are subject to the terms of the plan, the applicable grant agreements, and the requirements and acceptance of the TSXV.

The Options will vest as to one-third on each of July 14, 2027, July 14, 2028, and July 14, 2029, and will expire on July 14, 2031.

For Further Information:

Riley Taggart, President & Chief Executive Officer
E-mail: rtaggart@cleantekinc.com
Tel: 403-567-8700
www.cleantekinc.com
LinkedIn
X

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/305133

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Cleantek Industries (GLKFF) announce on July 14, 2026 about stock options?

Cleantek Industries announced board approval of incentive stock options for certain directors and officers to acquire 550,000 common shares. According to Cleantek, these options are granted under its rolling 10% omnibus equity incentive plan and are subject to plan terms and TSX Venture Exchange acceptance.

How many Cleantek (GLKFF) shares are covered by the new stock option grant and at what price?

The grant covers options to acquire 550,000 Cleantek common shares at an exercise price of $0.65 per share. According to Cleantek, this price equals the TSX Venture Exchange closing price on July 13, 2026, the last trading day before the grant date.

When do the newly granted Cleantek (GLKFF) stock options vest and expire?

The options vest in three equal tranches on July 14, 2027, July 14, 2028, and July 14, 2029. According to Cleantek, all granted options have an expiry date of July 14, 2031, providing a five‑year exercise window after initial vesting.

Who received the July 2026 Cleantek (GLKFF) stock options and under which plan?

The options were granted to certain directors and officers of Cleantek Industries under its rolling 10% omnibus equity incentive plan. According to Cleantek, the options remain subject to the plan terms, individual grant agreements, and TSX Venture Exchange requirements and acceptance.

What potential dilution could result from Cleantek's July 14, 2026 stock option grant (GLKFF)?

If all granted options are exercised, up to 550,000 new common shares could be issued, increasing the share count. According to Cleantek, each option converts into one common share at an exercise price of $0.65 under the equity incentive plan.

How is the exercise price determined for Cleantek’s July 2026 stock options (GLKFF)?

The exercise price is set at $0.65 per share, matching the TSX Venture Exchange closing price on July 13, 2026. According to Cleantek, this was the last trading day before the stock option grant date approved by the board.