VANCOUVER, Aug. 3, 2018 /CNW/ - H-Source Holdings Ltd. (TSX VENTURE:HSI) (OTCQB:HSCHF) (the "Company" or "H-Source") announced the grant of stock options and restricted share units to certain officers, directors and employees of the Company.
Options to purchase up to 1,770,000 common shares were granted to directors of the Company, pursuant to the Company's stock option plan, exercisable at a price of $0.16 per common share. The stock options shall have a term of 3 years.
In addition, 1,050,000 restricted share units were awarded to officers and an employee pursuant to the Company's restricted share unit plan. The restricted share units shall vest with respect to one-third on each anniversary of the date of each grant.
About H-Source Holdings Ltd.
H-Source Holdings Ltd. is a technology company operating within the healthcare industry through its wholly owned subsidiary, H-Source, Inc. The Company has developed a transaction platform that provides a private, secure and trusted marketplace for healthcare members to buy, sell and transfer devices, pharmaceuticals, capital equipment and supplies with each other. Members can conduct secure transactions within Integrated Delivery Networks, complete H-Source marketplace or customize their own group hospitals using H-Source's built-in filters. This private marketplace platform is specifically designed to reduce health care costs and medical product waste. For more information, please visit http://h-source.com/.
On behalf of the board of directors of H-Source Holdings Ltd.
CEO & Director
CAUTIONARY DISCLAIMER STATEMENT: The TSXV has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.
This news release contains forward-looking statements relating to the completion of the listing of the Company's shares on the TSXV and other statements that are not historical facts. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact, included in this release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include the failure to satisfy the conditions of the TSXV and other risks detailed from time to time in the filings made by the Company with securities regulations.
The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will update or revise publicly any of the included forward-looking statements as expressly required by applicable law.
SOURCE H-Source Holdings Ltd.
For further information: Nicole Marchand, 416-428-3533, [email protected]