Coelacanth Energy Inc. Announces Grant of Stock Options and Restricted Share Units

Core Points - Coelacanth Energy Inc. has approved the granting of stock options and restricted share units to its directors, officers, employees, and consultants [1][2] - The total number of stock options granted is 3,877,378, and the total number of restricted share units granted is 2,657,622 [1] - The stock options are exercisable for five years at a price of $0.81 per common share, with a vesting schedule of 33⅓% after one year and the remainder vesting annually [2] - The restricted share units are exercisable for three years at no additional cost, with a similar vesting schedule [2] - After the grants, Coelacanth has a total of 22,697,637 options and 8,460,065 RSUs outstanding, which represents approximately 5.86% of the issued and outstanding common shares [3]