CALGARY, Alberta, Dec. 04, 2024 (GLOBE NEWSWIRE) — High Arctic Overseas Holdings Corp . (TSXV: HOH) (High Arctic Overseas or Corporation) announces that it has issued a total of 675,000 incentive stock options to its directors and executive officers. Each option entitles the holder to purchase one common share of the Corporation at an exercise price of $1.60 for a period of five (5) years. The options will vest over a period of three (3) years, with one-third of the options vesting each year, however, options issued to one senior officer vest after one year as 100% options, representing a total of 25,000 options.
Stock options were granted pursuant to the Corporation’s Omnibus Incentive Plan, a copy of which is available on the Corporation’s SEDAR+ profile at https://www.sedarplus.ca.
About High Arctic ŽOverseas Holdings Corp.
High Arctic Overseas is a market leader in Papua New Guinea providing drilling and specialist completion services, manpower solutions and rental equipment including drill pads, camps, material handling and drilling support equipment.
For additional information, please contact:
Mike Maguire
Chief Executive Officer
1.587.320.1301
High Arctic Overseas Holdings Corp.
Apartment 2350, 330“ 5th Avenue SW
Calgary, Alberta, Canada T2P 0L4
www.higharctic.com
Email: [email protected]
Neither the TSX Venture Exchange nor its regulatory service provider (as that term is defined in the TSX Venture Exchange Rules) accepts responsibility for the adequacy or accuracy of this release.Ž
Source: High Arctic Overseas Holding Corp.
