PesoRama Announces Grants of Stock Options and Issuance of Shares

Core Points - PesoRama Inc. has granted a total of 10,400,000 incentive stock options at a price of $0.23 per share and will issue 656,250 common shares at $0.20 per share as part of a debt settlement totaling $131,250 [1][3] - The stock options are exercisable for five years and are subject to vesting provisions determined by the Board of Directors [2] - The debt settlement is subject to corporate and regulatory approvals, including from the TSX Venture Exchange, and will involve insiders receiving shares, qualifying as a related party transaction [3] Company Overview - PesoRama operates dollar stores in Mexico under the JOi Dollar Plus brand, having launched in 2019 in Mexico City and surrounding areas [4] - The company targets high-density, high-traffic locations and currently operates 28 stores offering a variety of merchandise including household goods, pet supplies, seasonal products, and more [4]