Select Sands Announces Grant of Options
VANCOUVER, British Columbia , April 13, 2018 (GLOBE NEWSWIRE) -- Select Sands Corp. ("Select Sands" or the "Company") (TSXV:SNS) (OTC:SLSDF) today announced that certain officers and directors have been issued an aggregate of 2,400,000 options pursuant to the Company’s option plan. Each option is exercisable into one common share at an exercise price of Cdn$0.39 at any time on or before the fifth anniversary of its issuance. The vesting terms for the grants vary with a portion vesting on grant and a portion vesting on the six month anniversary of the grant for certain officers and directors and for certain other directors one half vest on the six month anniversary of the grant with the remainder vesting on the 12 month anniversary of the grant. In addition, Kin Communications was granted a total of 350,000 options pursuant to their investor relations agreement. Each option is exercisable into one common share at an exercise price of Cdn$0.50 at any time on or before the fifth anniversary of the issuance. Such options vest quarterly over the next 12 months commencing on July 12, 2018.
About Select Sands Corp.
Select Sands Corp. is an industrial silica product company which owns a number of properties in Arkansas and is currently in production at its 100% owned, 520-acre Northern White, Tier-1, silica sands property located near Sandtown, Arkansas, U.S.A. Select Sands’ goal is to become a key supplier of premium industrial silica sand and frac sand to North American markets. Select Sands’ Arkansas properties have a significant logistical advantage of being significantly closer to oil and gas markets located in Oklahoma, Texas and Louisiana than sources of similar sands from the Wisconsin area.
For more information about Select Sands Corp., please visit www.selectsands.com or contact:
Zigurds Vitols
President & CEO
Phone: (832) 917-6140
Investor Relations
Arlen Hansen
SNS@kincommunications.com
Phone: (604) 684-6730
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.
