Revolve Announces Grant of Deferred Share Units and Incentive Stock Options

VANCOUVER, BC / ACCESSWIRE / August 30, 2024 / Revolve Renewable Power Corp. (TSXV:REVV) (OTCQB:REVVF) has announced the grant of Deferred Share Units (DSUs) to its directors effective July 19, 2024. A total of 308,944 DSUs have been granted under the Company's Deferred Share Unit Plan. Each DSU entitles the holder to receive one share of the Company or a cash payment equivalent upon ceasing to be a director.

The DSUs vest one year from the date of grant and have been issued for Q4 2024 at a price of C$0.33 per share. These DSUs are provided instead of cash director's fees.

Additionally, Revolve granted incentive stock options for an aggregate of 475,000 common shares to officers, employees, and consultants. These options, subject to regulatory approval, are exercisable at $0.50 per share, vest in one year, and expire on August 30, 2027. A maximum of 10% of the Company's issued shares are reserved for issuance under this plan. The options and any resulting common shares are subject to a four-month resale restriction.