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Sona Nanotech Announces Chief Technology Officer and Annual Options Grants - OTC Markets

·4d ago
Source: OTC Markets
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Sona Nanotech Announces Chief Technology Officer and Annual Options Grants - PR Newswire Canada

, /CNW/ -- Sona Nanotech Inc. (CSE: SONA) (OTCQB: SNANF) (the "Company" or "Sona") announces that it has elevated Dr. Kulbir Singh to be the Company's Chief Technology Officer. The Company also announces its annual stock option grant, consisting of the grant of 2,375,000 incentive stock options under the Company's Stock Option Plan ("Option Plan"), of which 2,070,000 have been granted to Directors and Officers. Each option is exercisable into one common share at a price of $0.35 per share and will vest at the rate of 25% every six months. The options will expire five years from the date of grant. All other terms and conditions of the options are in accordance with the terms of the Company's Option Plan. Sona CEO David Regan commented, "Dr. Singh's appointment as Chief Technology Officer recognizes his leadership in advancing Sona's THT delivery system and the critical role he plays in moving our technology toward commercialization. As a co-founder of the Company and co-inventor of Sona's core patented technology, he brings deep technical expertise and a longstanding commitment to Sona.

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