CALGARY,
AB, May 23, 2023 /CNW/ - Canadian Premium
Sand Inc. ("CPS" or the "Company") (TSXV: CPS)
announces the grant of share options ("Options") to acquire common
shares ("Common Shares") under its omnibus equity incentive
compensation plan (the "Plan").
The Company granted 1,695,000 Options, including 475,000 granted
to its independent directors and 1,220,000 to its executive
officers and employees. The Options are exercisable at $0.59 per Common Share expiring May 23, 2028. As of the date hereof, there are
78,549,660 Common Shares issued and outstanding, and therefore, a
maximum of 7,854,966 Options, RSUs, DSUs, PSUs and other
share-based awards that may be issued under the Plan on a combined
basis are issuable under the Plan, of which an aggregate of
4,410,000 Options have been granted.
About Canadian Premium Sand
Inc.
The Company is developing manufacturing capacity for ultra
high-clarity patterned solar glass through a Company-owned facility
to be located in Selkirk, Manitoba
that utilizes the high-purity, low-iron silica sand from its wholly
owned Wanipigow quarry leases and renewable Manitoba hydroelectricity. The Company is a
reporting issuer in Ontario,
Alberta and British Columbia. Its shares trade on the TSXV
under the symbol "CPS".
www.cpsglass.com
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Canadian Premium Sand Inc.
