Wed, 30 Nov 2022

Redishred Capital Corp. Announces New Stock Option Grants

ACCESSWIRE
29 Sep 2022, 21:56 GMT+10

MISSISSAUGA, ON / ACCESSWIRE / September 29, 2022 / Redishred Capital Corp. ('Redishred') (TSXV:KUT) has granted options to certain non-management Directors of the Company. Non-management Directors can elect to receive cash, options or a combination thereof, as part of an annual retainer for Board compensation. The options are to purchase an aggregate number of common shares as set forth below.

Effective September 28, 2022, Redishred has granted 6,003 stock options, at a price of $4.01, with the options vesting upon execution. The stock option grants have a life of five years, expiring on September 27, 2027.

About Redishred Capital Corp.

Redishred Capital Corp. ('Redishred') is the owner of the PROSHRED®, PROSCAN and secure e-Cycle brands, trademarks and intellectual property in the United States. Redishred digitizes, secures, shreds and recycles confidential documents and proprietary materials for thousands of customers in the United States in all industry sectors. Redishred is a pioneer in the mobile document destruction and recycling industry and has the ISO 9001:2015 certification. It is Redishred's vision to be the ‘system of choice' in providing digital retention, secure shredding and recycling services on a global basis. Redishred Capital Corp. grants PROSHRED` and PROSCAN franchise businesses in the United States and by way of license arrangement in the Middle East. Redishred Capital Corp. also operates fourteen corporate businesses directly. The Company's plan is to grow its business by way of both franchising and the acquisition and operation of information security businesses that generate stable and recurring cash flow through a scheduled client base, continuous paper recycling and concurrent unscheduled shredding service.

FOR FURTHER INFORMATION PLEASE CONTACT:

Redishred Capital Corp. (TSX.V - KUT)
Jeffrey Hasham, MBA, CPA, CA
Chief Executive Officer
Jeffrey.hasham@redishred.com
www.redishred.com
Phone: (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
harjit.brar@redishred.com
www.redishred.com
Phone: (437) 328-6639 Fax: (905) 812-9448

Note: Neither 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: Redishred Capital Corp.



View source version on accesswire.com:
https://www.accesswire.com/718040/Redishred-Capital-Corp-Announces-New-Stock-Option-Grants

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