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CALGARY, Alberta, Feb. 09, 2022 (GLOBE NEWSWIRE) — Razor Vitality Corp. (“Razor” or the “Firm”) (TSXV: RZE) declares that its board of administrators (the “Board”) has accepted the granting of 816,000 incentive inventory choices (“Choices”) to amass frequent shares (“Widespread Shares”) of the Firm beneath its inventory possibility plan. An combination of 631,000 Choices have been granted to sure of its administrators and officers and 185,000 Choices have been granted to sure of its workers (collectively, the “Choice Grant”).
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All the Choices are exercisable for a interval of 5 years at an train value of $1.00 per Widespread Share, which is a premium to the final closing value of $0.95 of the Widespread Shares on the TSXV. One-third of the Choices will vest on the date that’s one yr after the date of the grant of such Choices and the rest will vest one-third per yr thereafter.
About Razor
Razor is a publicly traded junior oil and gasoline improvement and manufacturing firm headquartered in Calgary, Alberta, targeting buying, and subsequently enhancing, and producing oil and gasoline from properties primarily in Alberta. The Firm is led by skilled administration and a robust, dedicated Board of Administrators, with a long-term imaginative and prescient of progress centered on effectivity and price management in all areas of the enterprise. Razor at present trades on TSX Enterprise Alternate beneath the ticker “RZE.V”.
www.razor-energy.com
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About FutEra
FutEra leverages Alberta’s useful resource business innovation and expertise to create transitional energy and sustainable infrastructure options to industrial markets and communities, each in Canada and globally. Presently, it’s creating a 21 MW co-produced geothermal and pure gasoline hybrid energy venture in Swan Hills, Alberta.
www.futerapower.com
About Blade
Blade Vitality Providers is a subsidiary of Razor. Working in west central Alberta, Blade’s main companies embody fluid hauling, highway upkeep, earth works together with properly website reclamation and different oilfield companies.
www.blade-es.com
For extra data please contact:
Doug Bailey | Kevin Braun |
President and Chief Govt Officer | Chief Monetary Officer |
Razor Vitality Corp. 800, 500-Fifth Ave SW Calgary, Alberta T2P 3L5 Phone: (403) 262-0242 |
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READER ADVISORIES
FORWARD-LOOKING STATEMENTS: This press launch accommodates sure statements that could be deemed to be forward-looking statements. Such statements relate to the granting of Choices beneath the Firm’s inventory possibility plan. All statements aside from statements of historic truth could also be forward-looking statements. Ahead-looking statements are sometimes, however not at all times, recognized by means of phrases reminiscent of “anticipate”, “consider”, “count on”, “plan”, “estimate”, “potential”, “will”, “ought to”, “proceed”, “could”, “goal” and comparable expressions. The forward-looking statements are primarily based on sure key expectations and assumptions made by the Firm, together with however not restricted to expectations and assumptions in regards to the availability of capital, present laws, receipt of required regulatory approvals, the well timed efficiency by third-parties of contractual obligation, the success of future drilling and improvement actions, the efficiency of present wells, the efficiency of recent wells, the Firm’s progress technique, basic financial situations, availability of required gear and companies prevailing commodity costs, value volatility, value differentials and the precise costs acquired for the Firm’s merchandise. Though the Firm believes that the expectations and assumptions on which the forward-looking statements are primarily based are cheap, undue reliance shouldn’t be positioned on the forward-looking statements as a result of the Firm may give no assurance that they are going to show to be right. Since forward- wanting statements deal with future occasions and situations, by their very nature they contain inherent dangers and uncertainties. Precise outcomes may differ materially from these at present anticipated as a result of numerous elements and dangers. These embody, however usually are not restricted to, dangers related to the oil and gasoline business and geothermal electrical energy tasks on the whole (e.g., operational dangers in improvement, exploration and manufacturing; delays or adjustments in plans with respect to exploration or improvement tasks or capital expenditures; variability in geothermal sources; because the uncertainty of reserve estimates; the uncertainty of estimates and projections referring to manufacturing, prices and bills, and well being, security and environmental dangers), electrical energy and commodity value and trade charge fluctuations, adjustments in laws affecting the oil and gasoline and geothermal industries and uncertainties ensuing from potential delays or adjustments in plans with respect to exploration or improvement tasks or capital expenditures. As well as, the Firm cautions that COVID-19 could proceed to have a cloth hostile impact on international financial exercise and worldwide demand for sure commodities, together with crude oil, pure gasoline and NGL, and should proceed to end in volatility and disruption to international provide chains, operations, mobility of individuals and the monetary markets, which may proceed to have an effect on commodity costs, rates of interest, credit score scores, credit score danger, inflation, enterprise, monetary situations, outcomes of operations and different elements related to the Firm. The period of the present commodity value volatility is unsure. Please seek advice from the danger elements recognized within the annual data type and administration dialogue and evaluation of the Firm which can be found on SEDAR at www.sedar.com. The forward-looking statements contained on this press launch are made as of the date hereof and the Firm undertakes no obligation to replace publicly or revise any forward-looking statements or data, whether or not on account of new data, future occasions or in any other case, until so required by relevant securities legal guidelines.
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