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Earth Alive Grants Stock Options and Confirms Record Date

Written by Customer Service on . Posted in Public Companies.

MONTREAL, June 12, 2020 (GLOBE NEWSWIRE) — Earth Alive Clean Technologies Inc. (TSXV: EAC) (the “Company”), a Canadian soil health company that develops and manufactures advanced microbial technology products announces that, on June 8, 2020, it has granted stock options to purchase a total of 2,000,000 common shares of the Company to certain senior officers of the Company. The options are exercisable at a price of $0.11 per share and have a term of five years.These options vest over a period of twenty-four months following the grant date and have been granted in accordance with the Corporation’s stock option plan.As well, to clarify, on page 4 of the management information circular of the Company provided in connection with the Annual General Meeting of the shareholders of the Company to be held on June 30, 2020, the record date was accidentally and incorrectly noted as June 26, 2020. The correct record date, as set forth in the Company’s May 11, 2020 notice of meeting and record date, is May 26, 2020.About Earth Alive Clean TechnologiesEarth Alive is a soil health company and an industry leader in microbial technologies. Earth Alive’s innovative products contribute to regenerative agriculture, natural dust suppression with minimal water use and industrial cleaning that is ecological and human friendly. For additional information, please visit: www.earthalivect.com.Forward-Looking Information: Certain information in this press release contains forward-looking information and forward-looking statements, which reflect the current view of management with respect to the Company’s objectives, plans, goals, strategies, outlook, results of operations, financial and operating performance, prospects and opportunities. Wherever used, the words “may”, “will”, “anticipate”, “intend”, “estimate”, “expect”, “plan”, “believe” and similar expressions identify forward-looking information and forward-looking statements. Forward-looking information and forward-looking statements should not be regarded as a guarantee of future events, performance or results, and will not necessarily be an accurate indication of whether, or the times at which, such events, performance or results will be achieved. All of the information in this press release containing forward-looking information or forward-looking statements is qualified by these cautionary statements. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and forward-looking statements and are cautioned not to place undue reliance on such information and statements. The Company does not undertake to update any such forward-looking information or forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable laws.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.www.earthalivect.com

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