MISSISSAUGA, ON / ACCESSWIRE / May 31, 2021 / Redishred Capital Corp. (“Redishred”) (TSXV:KUT) has granted options to certain non-management Directors of the Company. Non-management Directors can elect to receive cash, options or a combination of, as part of an annual retainer for Board compensation. The options are to purchase an aggregate of common shares as set forth below.
Effective May 26, 2021, Redishred has granted 40,715 stock options, at a price of $0.70, with the options vesting upon execution. The stock option grants have a life of five years, expiring on May 26, 2026.
Redishred has also granted options to the Officers of the Company to purchase an aggregate of common shares as set forth below.
Effective May 26, 2021, Redishred has granted 100,000 stock options, at a price of $0.70, with 25% of the options vesting on each of the one, two, three and four-year anniversary of the grant. The stock option grants have a life of five years, expiring on May 26, 2026.
About Redishred Capital Corp.
Redishred Capital Corp. is the owner of the PROSHRED® trademarks and intellectual property in the United States and Internationally. PROSHRED® shreds and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. PROSHRED® is a pioneer in the mobile document destruction and recycling industry and has the ISO 9001:2015 certification. It is PROSHRED®’s vision to be the ‘system of choice’ and provide shredding and recycling services on a global basis. PROSHRED® currently services over 40 markets in the United States. Redishred Capital Corp. grants PROSHRED® franchise businesses in the United States and by way of license arrangement in the Middle East. Redishred Capital Corp. also operates thirteen corporate shredding businesses directly. The Company’s plan is to grow its business by way of both franchising and the acquisition and operation of document destruction businesses that generate stable and recurring cash flow through a scheduled client base, continuous paper recycling and concurrent unscheduled shredding service.
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SOURCE: Redishred Capital Corp.
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