- Torrent Capital (TORR) has granted 150,000 incentive stock options to a director and 100,000 options to consultants
- Each option is exercisable into one common share at a price of $0.85 per share and will vest at the rate of 50 per cent on each of the six and twelve-month anniversaries of the grant date
- The company has also issued 25,000 restricted share units (RSU) to the director under the company’s restricted share unit plan
- Torrent Capital is a publicly-traded investment issuer that invests in the securities of private and publicly traded companies
- Torrent Capital Ltd. opened trading at $0.70 per share
Torrent Capital (TORR) has granted 150,000 incentive stock options to a director and 100,000 options to consultants.
The company granted the stock options under the company’s stock option plan.
Each option is exercisable into one common share at a price of $0.85 per share and will vest at the rate of 50 per cent on each of the six and twelve-month anniversaries of the grant date.
The options will expire five years from the date of the grant.
All other terms and conditions of the options are in accordance with the terms of the company’s option plan.
The company has also issued 25,000 restricted share units (RSU) to the director under the company’s restricted share unit plan.
Each RSU will vest in one year. All other terms and conditions of the RSU are in accordance with the terms of the company’s RSU plan.
Torrent Capital is a publicly-traded investment issuer that invests in the securities of private and publicly traded companies.
The company invests in companies that are due to experience accelerated growth or are trading at a discount to their intrinsic value.
Torrent Capital Ltd. opened trading at $0.70 per share.