Killi Announces the Grant of Stock Options to Certain Directors and Officers
Toronto, Ontario--(Newsfile Corp. - September 9, 2020) - Killi Ltd. (TSXV: MYID) (OTC: MYIDF), a global leader in consumer privacy, announces that it has granted an aggregate of 2,300,000 stock options (the "Options") to certain directors and officers of the Company pursuant to the provisions of the Company's stock option plan. Each of the following directors of the Company, Michael Atkinson, Rob Fernicola, Jason Maguire, and Kevin Shea received 250,000 Options. Neil Sweeney, CEO and Director received 500,000 Options. Each of Andrew Elinesky, CFO and Marla Baum, Head of People received 400,000 Options. The Options are exercisable for a period of 5 years at a price of $0.07 per share and vest according to the following vesting schedules: 1) For the directors and CEO: one third (1/3) of the Options vest on the date of grant; and one third (1/3) of the Options will vest on each of the 12 and 24 month anniversary of the date of grant; and, 2) For the CFO and Head of People: one third (⅓) of the Options will vest on each of the 12, 24, and 36 month anniversary. The grant of the Options remains subject to the approval of the TSX Venture Exchange
Killi is a consumer privacy ecosystem that aims to put people back in control of their data. Killi allows consumers to take back control of their consumer data from those who have been collecting it and selling it unbeknownst to them. Available on iOS, Android as well as the web, Killi is available internationally. With Killi, consumers can opt-in and link specific personal information from various financial and social accounts that they would like to put under their control and share with companies and be compensated directly in the form of cash for its use.
Download Killi here.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Andrew Elinesky, CFO
Neither the TSXV nor its Regulation Services Provider (as defined in the TSXV Manual) accept responsibility for this news release's adequacy or accuracy.
Forward-Looking and Other Cautionary Statements
This news release may contain "forward-looking statements" within the meaning of applicable securities laws, including, but not limited to, the Company's strategic plans and outlook for the rest of 2020. Forward-looking statements may generally be identified by the use of the words "anticipates," "expects," "intends," "plans," "should," "could," "would," "may," "will," "believes," "estimates," "potential," "target," or "continue" and variations or similar expressions. These statements are based upon the current expectations and beliefs of management. They are subject to certain risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to: the TSX Venture Exchange may not approve the grant of such options; the uncertainty surrounding the spread of COVID-19 and the impact it will have on the Company's operations and economic activity in general and the risks and uncertainties discussed in our most recent annual and quarterly reports filed with the Canadian securities regulators and available on the Company's profile on SEDAR at www.sedar.com, which risks and uncertainties are incorporated herein by reference. Readers are cautioned not to place undue reliance on forward-looking statements. Except as required by law, the Company does not intend and undertakes no obligation to update any forward-looking statements to reflect, in particular, new information or future events.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/63454