TrustBIX Inc. Announces Stock Option Grant

Rhea-AI Summary

TrustBIX Inc. (TSXV: TBIX) has announced a new stock option grant approved by its Board of Directors. The company will issue options to purchase up to 4,120,000 common shares to its directors, officers, employees and consultants. The options have an exercise price of $0.05 per common share, with a three-year expiration period. The vesting schedule is structured in three equal portions: one-third vesting immediately upon grant, another third on the first anniversary, and the final third on the second anniversary.

Positive

• None.

Negative

• Potential shareholder dilution of up to 4,120,000 shares if all options are exercised

Edmonton, Alberta--(Newsfile Corp. - April 16, 2025) - TrustBIX Inc. (TSXV: TBIX) ("TrustBIX" or the "Company") announces that, in accordance with the policies of the TSX Venture Exchange, the Board of Directors has approved a grant of stock options to its directors, officers, employees and consultants to purchase an aggregate of up to 4,120,000 common shares pursuant to its stock option plan ("Options"). The Options have an exercise price of $0.05 per common share and will vest one third on each of the grant, first anniversary and second anniversary dates. The Options will expire in three years if not exercised.

About TrustBIX (TSXV: TBIX)

TrustBIX is an agricultural technology company providing Gate to Plate® solutions to create a world where we trust more, waste less, and reward sustainable practices. Our award-winning technologies offer practical tools trusted by local and international agri-food organizations.

www.TrustBIX.com

Forward-Looking Information

This press release contains certain forward-looking information and reflects the Company's present assumptions regarding future events. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements.

Certain statements contained in this document constitute forward-looking statements and information within the meaning of the applicable Canadian securities legislation. When used in this document, the words "may", "would", "could", "should", "will", "intend", "plan", "propose", "anticipate", "believe", "forecast", "estimate", "expect" and similar expressions used by any of the Company's management, are intended to identify forward-looking statements. Such statements reflect the Company's internal projections, expectations, future growth, performance and business prospects and opportunities and are based on information currently available to the Company. Since they relate to the Company's current views with respect to future events, they are subject to certain risks, uncertainties and assumptions. Many factors could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements that may be expressed or implied by such forward-looking statements. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. The Company does not intend, and does not assume any obligation, to update any such factors or to publicly announce the result of any revisions to any of the forward-looking statements contained herein to reflect future results, events or developments except as required by applicable securities legislation, regulations or policies.

FOR MORE INFORMATION CONTACT:

Mr. Hubert Lau
President and CEO
Telephone: (780) 456-2207
Email: info@trustbix.com

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 of accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/248820

FAQ

What is the exercise price for TrustBIX (TBIXF) stock options granted in April 2025?

The stock options were granted at an exercise price of $0.05 per common share.

How many stock options did TrustBIX (TBIXF) grant in their April 2025 announcement?

TrustBIX granted options to purchase up to 4,120,000 common shares.

What is the vesting schedule for TrustBIX (TBIXF) April 2025 stock options?

The options vest in three equal portions: one-third upon grant, one-third on first anniversary, and one-third on second anniversary.

When do the TrustBIX (TBIXF) April 2025 stock options expire?

The stock options will expire in three years if not exercised.