MYM Announces Amendments to Stock Option Plan and Grant of Stock Options
VANCOUVER, British Columbia / TheNewswire / August 8, 2020 - MYM Nutraceuticals Inc. (CSE: MYM) (OTC: MYMMF) ("MYM") announces that it has amended its stock option plan ("SOP") to: (i) increase the termination period of options held by option holders who are no longer Eligible Persons (as defined in the SOP) from 90 days to 18 months; (ii) include a mechanism to allow for the cashless exercise of options by option holders; and (iii) increase the number of options issuable under the SOP from 10% to 15% of the total number of issued and outstanding common shares of MYM (the "Shares") on the date an option is granted. The aforementioned amendments are subject to ratification by the shareholders of MYM at MYM's next annual general meeting. Until such shareholder approval is obtained, any options granted exceeding the current 10% threshold cannot be exercised and if such approval is not obtained, such options shall immediately terminate.
The Company also announces the grant of a total of 23,980,000 stock options to certain directors, officers, employees and consultants of the Company pursuant to the SOP. The stock options are exercisable for a period of three years from the date of grant at a price of $0.065 per Share. Certain stock options will vest immediately and certain stock options will vest over a period of 12 months in 12 equal proportions.
About MYM Nutraceuticals Inc.
MYM is a licensed cannabis producer in Canada uniquely positioned to opportunistically acquire and/or invest in companies within the cannabis industry that are in need of capital and management support. Our senior management team is made up of experts engaged in a wide array of disciplines, able to manage all aspects of licensed cannabis production and sales. MYM wholly owns two cannabis cultivation facilities - SublimeCulture Inc in Laval, QC and Highland Grow in Antigonish, NS. The Company is actively looking to acquire complementary businesses and assets in the cannabis sector. MYM shares trade in Canada, Germany and the United States under the following symbols: (CSE: MYM) (OTC: MYMMF) (FRA:0MY) (DEU:0MY) (MUN:0MY) (STU:0MY).
ON BEHALF OF THE MYM BOARD
Robin Linden, Director
MYM Nutraceuticals Inc.
Investor Relations - firstname.lastname@example.org
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