TORONTO, ON– SPoT Coffee (“SPoT” or the “Company”) announces the issuance of an aggregate of 4,430,000 options to acquire SPoT common shares at a price of $0.12 per common share to certain officers, directors, employees and consultants of the Company.
These options will vest in twelve equal installments beginning on the first anniversary of the date of their grant.
The options expire on the earlier of their fifth anniversary date or the time the optionees cease to serve as officers, directors or employees of the Company.
About SPoT Coffee
SPoT Coffee trades on the TSX Venture Exchange under the symbol SPP. SPoT designs, builds and operates community oriented cafes that provide its customers with the highest quality service, signature made-to-order meals and the world’s finest in-house roasted gourmet coffee.
Each SPoT cafe is distinctively designed to suit their local neighbourhoods, creating warm and friendly gathering places for the community.
SPoT’s commercial business focuses on retail stores, business accounts and third party resellers such as universities and hospitals.