Route1 Announces Stock Option Grant

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TORONTO, ON / ACCESSWIRE / October 7, 2021 / Route1 Inc. (OTCQB:ROIUF)(TSXV:ROI) (the “Company” or “Route1”), an advanced North American provider of data-centric business empowerment solutions, today announced that yesterday it granted an employee …

TORONTO, ON / ACCESSWIRE / October 7, 2021 / Route1 Inc. (OTCQB:ROIUF)(TSXV:ROI) (the “Company” or “Route1”), an advanced North American provider of data-centric business empowerment solutions, today announced that yesterday it granted an employee 250,000 stock options each with an exercise price of $0.50. The stock options will expire on October 7, 2026 and will vest thirty percent on the first anniversary, thirty percent on the second anniversary and the remainder on the third anniversary.

Under the Company’s stock option plan, 10% of the issued capital is reserved for issuance for a total of 3,813,996 options. Including the above grant, a total of 3,025,000 options are currently outstanding under the Company’s stock option plan.