Drone Delivery Canada grants stock options

dronedeliverycanada

Drone Delivery Canada has granted an aggregate of over 5.3m options to purchase common shares of the company.

In total, 5,375,000 options will be available, exercisable at a price of $1.00 per share.

As part of the announcement, DDC confirmed that they will be available for a period of five years to certain directors, officers, consultants and employees. 

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The options are subject to a vesting period released 1/3 every six months from the date of grant pursuant to the terms of the stock option plan of the company.

In July, CDP reported on the company getting its first US patent for proprietary drone delivery tech.

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Tags : businessdeliveryDrone Delivery Canadafinancial
Alex Douglas

The author Alex Douglas

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