Willow Biosciences Inc. (CSE: WLLW) on Tuesday
announced that it has granted an aggregate of 1,118,000 stock options for
certain employees to purchase common shares of Willow pursuant to the terms and
conditions of its stock option plan. According to the update, the options
expire five years from the grant date, are exercisable at a price of $0.60 per
common share, and vest as to one third on the grant date and on each of the first
and second anniversaries of the grant date. Willow has additionally issued
21,057 units of the company in connection with its previous April 2019 private
placement. The units were issued as of the date hereof, each at an issuance
price of $0.875 and consisting of one common share and one performance-based
common share purchase warrant. The units were issued at the same price (on a
post-consolidation basis) and the warrants have the same terms as those issued
under the company’s April 2019 private placement.
To view the full press release, visit http://ibn.fm/rjaQX
About Willow Biosciences Inc.
Willow is a Canadian biotechnology company based in Calgary,
Alberta, that produces high purity, plant-derived compounds that provide
building blocks for the global pharmaceutical, health and wellness, and
consumer packaged goods industries. Willow’s current focus is in the production
of cannabinoids for the treatment for pain, anxiety, obesity, brain disorders,
among other significant indications. Willow’s science team has a proven track
record of developing manufacturing technologies for high purity compounds in
pain and cancer treatments. Willow’s manufacturing process creates a
consistent, scalable and sustainable product that allows for the discovery and
development of new life changing drugs. For more information, visit the
company’s website at www.WillowBio.com.
NOTE TO INVESTORS: The latest news and updates
relating to WLLW are available in the company’s newsroom at http://ibn.fm/WLLW
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