Bitcoin Well Announces Grant of Stock Options and Securities for Services Transactions

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Jan 05, 2022

EDMONTON, Alberta, Jan. 04, 2022 (GLOBE NEWSWIRE) -- Bitcoin Well (the “Company” or “BTCW”), a technology company building and utilizing products that offer safe and easy ways to buy, sell and use bitcoin, announces it has granted incentive stock options (“Options”) to purchase up to a total of 4,413,509 Common Shares (“Common Shares”) of the Company to certain officers, directors and employees. The Options have been granted at an exercise price of $0.18 per Common Share. One third of the options will vest on each of the first three anniversaries of the date of grant and have a term of five years, expiring January 4, 2027. The grant of Options was made in accordance with the Company’s existing stock option plan and the policies of the TSX Venture Exchange (“TSXV”).