GRAND JUNCTION, Colo., Sept. 09, 2022 (GLOBE NEWSWIRE) — ProStar Holdings Inc. (“ProStar®” or “the Company”) (TSXV: MAPS) (OTCQX: MAPPF) (FSE: 5D00) broadcasts that the Company’s Board of Directors has accepted the grant of 2,229,000 inventory choices, every exercisable at a value of $0.25 per widespread share for a interval of 5 years, of which 1,350,000 inventory choices are being granted to administrators, senior officers and investor relations suppliers of the Company. In addition, the Board has accepted the repricing of a complete of 2,940,000 inventory choices of the Company to $0.25 per widespread share (collectively, the “Repriced Options”).
In a difficult workers retention surroundings, the Company has elected to reprice sure inventory choices granted to workers and consultants of the Company. Stock choices beforehand granted to administrators and senior officers of the Company is not going to be repriced. The repricing of the Repriced Options is topic to the approval of the TSX Venture Exchange (the “TSXV”).
About ProStar:
ProStar is a world chief in Precision Mapping Solutions and is making a digital world by leveraging essentially the most fashionable GPS, cloud, and cell applied sciences. ProStar is a software program improvement firm specializing in creating patented cloud and cell precision mapping options targeted on the vital infrastructure trade. ProStar’s flagship product, PointMan, is designed to considerably enhance the workflow processes and business practices related to the lifecycle administration of vital infrastructure property each above and beneath the Earth’s floor
For extra details about ProStar, please go to www.prostarcorp.com.
ProStar’s PointMan is obtainable as a Software as a Service (SaaS) and seamlessly connects the sphere with the workplace and offers the power to exactly seize, document, show, and handle vital infrastructure, together with roads, railways, pipelines, and utilities. Some of the biggest entities in North America have adopted ProStar’s options, together with Fortune 500 building companies, Subsurface Utilities Engineers (SUE) companies, utility homeowners, and authorities companies. ProStar has strategic business partnerships with the world’s main geospatial know-how suppliers, information assortment gear producers, and seller networks.
The Company has made a big funding in creating an enormous mental property portfolio that features 21 issued patents within the United States and Canada. The patents shield the strategies and techniques required to digitally seize, document, arrange, handle, distribute, and show the exact location of vital infrastructure, together with buried utilities and pipelines. ProStar’s Executive administration group has in depth expertise within the administration of each early-stage and Fortune 500 know-how corporations within the non-public and public sectors.
For extra details about ProStar, please go to www.prostarcorp.com.
On behalf of the Company,
Page Tucker, CEO and Director
Contact:
Joel Sutherland
Investor Relations
970-822-4792
[email protected]
Neither the TSXV nor its Regulation Services Provider (as that time period is outlined within the insurance policies of the TSXV) settle for duty for the adequacy or accuracy of this launch.
Cautionary Statements Regarding Forward-Looking Information
This press launch incorporates forward-looking info throughout the that means of Canadian securities legal guidelines. Such info contains, with out limitation, info concerning the phrases and circumstances of the Company’s future plans. Although the Company believes that such info is affordable, it may give no assurance that such expectations will show to be right.
Forward-looking info is often recognized by phrases equivalent to: “believe”, “expect”, “anticipate”, “intend”, “estimate”, “postulate” and comparable expressions, or are these, which, by their nature, consult with future occasions. The Company cautions traders that any forward-looking info supplied by the Company will not be a assure of future outcomes or efficiency and that precise outcomes might differ materially from these in forward-looking info because of this of numerous components, together with, however not restricted to: the state of the monetary markets for the Company’s securities; the state of the know-how sector; latest market volatility; the COVID-19 pandemic; the Company’s skill to lift the required capital or to be totally capable of implement its business methods; and different dangers and components that the Company is unaware of presently. The reader is referred to the Company’s latest Annual Management’s Discussion & Analysis filed on SEDAR on April 14, 2022, for a extra full dialogue of relevant threat components and their potential results, copies of which can be accessed via the Company’s issuer web page on SEDAR at www.sedar.com.
