Earthworks Industries Inc. (the “Company”), effective July 5, 2019, granted share purchase options to various Directors, Officers and providers of services to the Company as to a total of 1,510,000 shares. The options will be exercisable at $0.10 per share until June 30, 2022.
Option Agreements previously granted, exercisable at various prices between $0.15 and $0.25 per share, on or before various dates, as to a total of 4,440,000 shares have been amended so that all of the said existing options will now be exercisable at $0.10 per share on or before June 30, 2022.
The new options and existing amended options totaling 5,950,000 shares are 7.91% of the Company’s issued and outstanding shares.