VANCOUVER, BRITISH COLUMBIA – January 16, 2020 – Harrys Manufacturing Inc. (CSE: HARY) (the “Company” or “Harrys”), a company focused on the sale and distribution of affordable, high quality, organically grown tobacco cigarettes announces that pursuant to its incentive stock option plan (“Option Plan”), it is has issued an aggregate of 1,250,000 stock options (the “Options”) to a consultant and officer of the Company. The Options are exercisable for common shares on or before January 16, 2025 at an exercise price of $0.16 per share. The Options vest as of the date of the grant. The Options and any common shares issued upon exercise will be subject to a four month and a day resale restriction from the date of grant.
Following the grant of 1,250,000 Options, the Company has 4,015,000 Options outstanding. The Option Plan allows the board of directors to issue the equivalent of up to 10% of the issued and outstanding share capital of the Company on a rolling basis.
Harrys is a distributor and manufacturer of affordable, high quality, organically grown tobacco cigarettes to domestic and international customers. Harrys utilizes various types of tobacco and blend components from Canadian growers to satisfy customer demands and preferences for products that meet Health Canada standards. Harrys management team brings over 50 years of combined experience in the domestic and international tobacco industry.
For more information, please visit: www.harrysmfg.com
ON BEHALF OF THE BOARD
“Kevin Kohanik” Director and CEO
For further information, please contact:
The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.
FORWARD LOOKING INFORMATION
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including but not limited to, the future business operations of the Company. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. Forwardlooking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in the news release are made as of the date of this news release, and the Company does not undertake any obligations to update publicly or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities law.