Forte Group Announces Equity Incentive Grants and Warrant Amendments

Vancouver-based Forte Group Holdings Inc. has announced the issuance of stock options and restricted share units (RSUs) to some directors, officers, and consultants. A total of 1,945,000 stock options were granted at an exercise price of $0.20 per share, vesting immediately and expiring in two years. Additionally, 2,445,000 RSUs were issued with a staggered vesting schedule.

The company has also amended warrants, extending the expiry date to June 19, 2027, and lowering the exercise price to $0.20. This move aligns with the company's capital strategy to enhance financial flexibility and growth endeavors. The repricing requires the consent of registered warrant holders and compliance with Canadian Securities Exchange policies.

Management sees these decisions as key steps in supporting corporate development and long-term objectives, despite potential changes to the warrant terms based on future market prices.