Traction Uranium : Announces Grant of Restricted Share Rights and Stock Options

(Calgary, AB): Traction Uranium Corp. (CSE: TRAC) (OTC: TRCTF) (FRA: Z1K) (the " Company " or " Traction ") announces that it has granted an aggregate of 525,000 restricted share rights (the " RSRs ") and 500,000 stock options (the "Options") to certain directors, officers, and consultants of the Company, in accordance with the terms and conditions of the Company’s New Equity Incentive Plan.

Each Option is convertible into a common share in the capital of the Company at an exercise price of $0.35 for a term of five years. All RSRs and Options vest on the date of the grant and, pursuant to the policies of the Canadian Securities Exchange, are subject to a hold period of four months from the date of the grant.

The grant of an aggregate of 200,000 of the RSRs and the Options to insiders of Traction is considered to be a related-party transactions as […]

Click here to view original web page at www.marketscreener.com

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.