Vancouver, British Columbia-based Finavera Renewables Inc. has granted approximately 8.6 million incentive stock options to certain directors, officers and consultants. The share purchase options entitle the holders to purchase common shares of the capital stock of the company at a price of C$0.10 per share for a period of five years.
Eight million of the options are subject to the following vesting provisions: 20% upon grant, and 20% every six months thereafter until fully vested.
The issuance of these options is subject to the approval of the TSX Venture Exchange.
SOURCE: Finavera Renewables Inc.
