GreenPower Announces Grant of Stock Options
Vancouver, Canada – December 22, 2017 – GreenPower Motor Company Inc. (TSXV:GPV OTCQX:GPVRF) (the “Company”), announces that the Company has granted an aggregate of 260,000 incentive stock options including 100,000 incentive stock options to Brendan Riley, the President of the Company and 160,000 incentive stock options to a consultant and employees pursuant to contractual obligations. The stock options are subject to the approval of the TSX Venture Exchange and are exercisable for a period of five years at a price of $0.45 and vest as to 25% four months after the grant date, 25% one year after the grant date, 25% two years after the grant date and 25% three years after the grant date.
About GreenPower Motor Company Inc.
GreenPower Motor Company Inc. develops electric powered vehicles for commercial markets. GreenPower offers a range of electric powered buses deploying electric drive and battery technologies with a lightweight chassis and low floor or high floor body. GreenPower’s bus is based on a flexible clean sheet design and utilizes a custom battery management system and a proprietary Flex Power system for the drive motors. GreenPower integrates global suppliers for key components, such as Siemens for the drive motors, Knorr for the brakes, ZF for the axles and Parker for the dash and control systems. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. For further information go to www.greenpowermotor.com
For further information contact:
Fraser Atkinson, Chairman
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. © 2017 GreenPower Motor Company Inc. All rights reserved