Canadian Premium Sand Inc. Announces Option Grants
Canadian Premium Sand Inc. Announces Option Grants
CALGARY, Alberta, Dec. 21, 2023 -- Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) announces the
grant of share options (“Options”) to acquire common shares (“Common Shares”) under its omnibus equity incentive
compensation plan (the “Plan”).
The Company granted 1,077,000 Options, including 285,000 granted to its independent directors and 792,000 to its executive
officers and employees. The Options are exercisable at $0.31 per Common Share expiring December 21, 2028. As of the date
hereof, there are 83,420,752 Common Shares issued and outstanding, and therefore, a maximum of 8,342,075 Options,
RSUs, DSUs, PSUs and other share-based awards that may be issued under the Plan on a combined basis are issuable
under the Plan, of which an aggregate of 5,437,000 Options have been granted.
About Canadian Premium Sand Inc.
The Company is developing manufacturing capacity for ultra high-clarity patterned solar glass through a Company-owned
facility to be located in Selkirk, Manitoba that utilizes the high-purity, low-iron silica sand from its wholly owned Wanipigow
quarry leases and renewable Manitoba hydroelectricity. The Company is a reporting issuer in Ontario, Alberta and British
Columbia. Its shares trade on the TSXV under the symbol "CPS".
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
CONTACT INFORMATION:
Canadian Premium Sand Inc.
Glenn Leroux Cam Deller
President and Chief Executive Officer Chief Financial Officer
[email protected] [email protected]
Investor Relations
587.355.3714
www.cpsglass.com