CALGARY, Alberta, April 27, 2026 (GLOBE NEWSWIRE) — Canadian Premium Sand Inc. (“CPS” or the “Company”) (TSXV: CPS) publicizes the grant of an mixture of 1,300,000 share choices (“Options”) to amass widespread shares (“Common Shares”) of the Firm. The Choices have been granted to CPS’ government officers and staff in accordance with the provisions of its omnibus fairness incentive compensation plan (the “Plan”).
The Choices are exercisable at $0.12 per Widespread Share expiring April 24, 2031. As of the date hereof, there are 92,627,156 Widespread Shares issued and excellent, and due to this fact, a most of 9,262,715 Choices, RSUs, DSUs, PSUs and different share-based awards on a mixed foundation are permitted to be granted underneath the Plan, of which an mixture of 6,097,000 Choices are excellent.
After consideration of the Firm’s historic compensation practices and retentions wants, the need for alignment of worker and shareholder pursuits, CPS’s annual Choice grant practices and the beforehand disclosed strategic assessment course of, the particular committee of the impartial administrators of the Firm (the “Special Committee”) (of which no Choices shall be granted to the members thereof) decided that the grant of Choices will promote administration continuity and operational stability whereas the Firm evaluates a spread of strategic options. The Particular Committee additionally decided that the grant of Choices should not supposed to affect the result of the strategic assessment and that the phrases and timing of the grant of Choices are according to historic compensation practices and relevant authorized and regulatory necessities. Additional, the vesting of the Choices is conditioned on continued service and isn’t contingent upon the consummation of any particular transaction, and the Firm has not made any willpower concerning the chance, timing, or type of any potential strategic end result.
About Canadian Premium Sand Inc.
The Firm is growing its Wanipigow silica sand useful resource in Manitoba to produce fracture proppant to the Western Canada Sedimentary Basin together with different functions for top purity and low iron silica sand together with the manufacture of photo voltaic and float glass. The Firm is a reporting issuer in Ontario, Alberta and British Columbia. Its shares commerce on the TSX Enterprise Trade underneath the image “CPS”.
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