TORONTO, April 9, 2020 /CNW/ - Klinik Health Ventures
Corp. (TSXV: KHV.P) ("Klinik" or
the "Corporation") announces that on April 9, 2020 the Board of Directors of Klinik
approved an amendment to the stock option plan of Klinik (the
"Stock Option Plan") to increase the number of common shares
of the Corporation reserved for issuance under the Stock Option
Plan from 1,395,000 to 1,934,750 (the "Amendment to the Stock
Option Plan"). The Amendment to the Stock Option Plan was
approved by the TSX Venture Exchange on April 3, 2020.
Klinik also announces the grant of an aggregate of 539,750 stock
options to certain of its directors and officers. Each stock option
allows the holder thereof to acquire one common share of the
Corporation at a price of $0.20 per
share and is exercisable for a period of five (5) years from the
date of the grant. These options are exercisable 25% on each of the
first, second, third and fourth anniversary dates of the date of
grant on a cumulative basis and are governed by the Stock Option
Plan.
Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking
statements. Wherever possible, words such as "may", "will",
"should", "could", "expect", "plan", "intend", "anticipate",
"believe", "estimate", "predict" or "potential" or the negative or
other variations of these words, or similar words or phrases, have
been used to identify these forward-looking statements. These
statements reflect management's current beliefs and are based on
information currently available to management as at the date
hereof. Forward-looking statements involve significant risk,
uncertainties and assumptions. Many factors could cause actual
results, performance or achievements to differ materially from the
results discussed or implied in the forward-looking statements.
These factors should be considered carefully and readers should not
place undue reliance on the forward-looking statements. Although
the forward-looking statements contained in this press release are
based upon what management believes to be reasonable assumptions,
the Corporation cannot assure readers that actual results will be
consistent with these forward-looking statements. These
forward-looking statements are made as of the date of this press
release, and the Corporation assumes no obligation to update or
revise them to reflect new events or circumstances, except as
required by law.
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.
SOURCE Klinik Health Ventures Corp.