Champion Bear grants options to buy 588,698 shares

2020-03-27 08:36 ET

Mr. Richard Kantor reports

Champion Bear Resources Ltd. has granted options to acquire an aggregate of 588,698 common shares of Champion Bear to the company's president and a director (at an exercise price of 12 cents per share until March 27, 2025). The options replace 303,698 previously exercised options on Dec. 4, 2019, and 285,000 options previously issued, which expired on March 8, 2020.

The options vest as to one-third thereof on each of the six-, 12- and 18-month anniversaries of the date of the grant.