Security Devices International Inc Announces Bonuses
Wakefield, Massachusetts--(Newsfile Corp. - February 5, 2020) - Security Devices International Inc. (CSE: SDZ) ("SDI" or the "Company") announces that effective December 31, 2019, the Company awarded year-end bonuses to certain of its employees or consultants. No cash bonuses were awarded. A total of 2,260,000 options exercisable for common shares of the Company's stock and 625,000 shares of restricted stock were awarded to 8 individuals. All of the options vest immediately, have a 5 year term, and are exercisable at $0.19 (U.S.). They are issued pursuant to and governed by the terms of the Company's Stock Option Plan. The Company also granted 150,000 warrants exercisable for shares of the Company's common stock to a marketing consultant. The warrants have a strike price of $0.25 (U.S.), vest upon issuance, and have a 1 year expiry date.
Bryan S. Ganz
President and CEO
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