The Limestone Boat Company Announces Approval of Stock Option Grants

Jul 01, 2022

COLLINGWOOD, Ontario, June 30, 2022 (GLOBE NEWSWIRE) -- The Limestone Boat Company (the “Company”) (TSXV: BOAT | OTCQB: LMSBF) – owner and builder of Aquasport Boats, Limestone^®Boats and Boca Bay Boats – announced today that its board of directors has approved the grant of an aggregate of 4,745,000 stock options (each, an "Option") to certain directors, officers, employees of the Company in accordance with the Company's omnibus equity incentive plan. Each Option will be exercisable into one common share in the capital of the Company (each, a "Share") at a price of $0.12 per Share for a period of five years from the date of the grant. This Option grant makes up part of the compensation and retention incentives anticipated by the Company's omnibus equity incentive plan.

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