MISSISSAUGA, ON/ACCESSWIRE/May 3, 2022/ Redishred Capital Corp. (“Redishred”) (TSXV: KUT, Financial) has granted options to officers of the Company to purchase an aggregate number of common shares as set forth below.

As part of its 2021 compensation package, effective May 2, 2022, Redishred granted 488,000 stock options to company executives at a price of $0.82, with a quarter of the options vesting on each first, second, third, and fourth anniversaries from the date of grant. The stock option grants have a term of five years, expiring on May 2, 2027.

About Redishred Capital Corp.

Redishred Capital Corp. (“reddish“) is the owner of the PROFLAP^®, PROANALYSIS and secure e-Cycle’s trademarks, registered trademarks and intellectual property in the United States. reddish scans, secures, shreds and recycles confidential documents and proprietary materials for thousands of US customers across all industry sectors. reddish is a pioneer in the mobile document destruction and recycling industry and is ISO 9001:2015 certified. He is reddish‘s is to be the “system of choice” for providing digital preservation, secure shredding and recycling services globally. Grants from Redishred Capital Corp. PROFLAP^` and PROANALYSIS franchises in the United States and through license agreements in the Middle East. Redishred Capital Corp. also operates fourteen businesses directly. The company’s plan is to grow its business through both franchising and the acquisition and operation of information security businesses that generate stable, recurring cash flow through a planned customer base, retraining continuous paper and a simultaneous unscheduled shredding service.

FOR MORE INFORMATION, PLEASE CONTACT:

Redishred Capital Corp. (TSX.V – KUT)
Jeffrey Hasham, MBA, CPA, CA
Chief executive officer
[email protected]
www.redishred.com
Telephone: (416) 849-3469 Fax: (905) 812-9448

or,

Redishred Capital Corp. (TSX.V – KUT)
Harjit Brar, CPA, CA
Senior Vice President and Chief Financial Officer
[email protected]
www.redishred.com
Telephone: (437) 328-6639 Fax: (905) 812-9448

Note: 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.

THE SOURCE: Redishred Capital Corp.

See the source version on accesswire.com:
https://www.accesswire.com/699890/Redishred-Capital-Corp-Announces-New-Stock-Option-Grants