Empress Grants Stock Options and Equity Incentives

Executive Summary

• The Board of Directors approved the grant of 1,575,000 incentive stock options to directors, officers, employees, and consultants.
• The Board also approved the issuance of 625,000 Restricted Share Units (RSUs) and 500,000 Deferred Share Units (DSUs).

Key Details

• Incentive Stock Options:
  • Total quantity: 1,575,000 common shares.
  • Exercise price: $0.87 per share.
  • Vesting schedule: One-third on the date of grant, one-third after one year, and one-third after two years.
  • Expiration date: May 5, 2031.
• Restricted Share Units (RSUs):
  • Total quantity: 625,000 units.
  • Vesting schedule: Equal vesting over a two-year period, with the first vesting date on May 5, 2027.
• Deferred Share Units (DSUs):
  • Total quantity: 500,000 units.
  • Terms: To vest and settle in accordance with the Company's Equity Incentive Plan (EIP).