Toronto, Ontario (April 9, 2020) – Klinik Health Ventures Corp. (TSXV:KHV.P) (“Klinik” or the “Corporation”) announces that on April 9, 2020 the Board of Directors of Klinik approved an amendment to the stock option plan of Klinik (the “Stock Option Plan”) to increase the number of common shares of the Corporation reserved for issuance under the Stock Option Plan from 1,395,000 to 1,934,750 (the “Amendment to the Stock Option Plan”). The Amendment to the Stock Option Plan was approved by the TSX Venture Exchange on April 3, 2020.
Klinik also announces the grant of an aggregate of 539,750 stock options to certain of its directors and officers. Each stock option allows the holder thereof to acquire one common share of the Corporation at a price of $0.20 per share and is exercisable for a period of five (5) years from the date of the grant. These options are exercisable 25% on each of the first, second, third and fourth anniversary dates of the date of grant on a cumulative basis and are governed by the Stock Option Plan.
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