Toronto, Ontario--(Newsfile Corp. - September 26, 2017) - Kuuhubb Inc. (TSXV: KUU) ("Kuuhubb" or the "Company") announces that it has granted to employees, officers and directors of the Company, pursuant to the terms of the Company's stock option plan (the "Option Plan"), a total of 1,625,000 stock options, each such stock option entitling the holder to purchase one common share of the Company ("Common Share") at a price of Cdn$1.60 for a period of five years. These stock options are subject to receipt of required shareholder and TSX Venture Exchange approvals.
The Company also reports that it has amended the Option Plan to provide that the maximum number of Common Shares that may be issued pursuant to the exercise of stock options granted under the Option Plan must not exceed 7,500,000. This amendment is subject to receipt of required shareholder and TSX Venture Exchange approvals. Before this amendment, the Option Plan provided that the number of Common Shares issuable upon the exercise of all outstanding stock options must not at any time exceed 10% of the number of outstanding Common Shares, from time to time.
Kuuhubb is a company active in the digital space that focuses mainly on lifestyle and mobile video game applications. Its strategy is to create sustainable shareholder value through acquisitions of proven, yet underappreciated, assets with robust long-term growth potential. Headquartered in Helsinki, Finland, the Company has a global presence with a strong focus on developing U.S. brand collaborations and Asian partnerships.
Neither 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 release.
For further information, please contact:
Jouni Keränen - CEO
+358 40 590 0919
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