NexOptic Provides Update on Recent Market Activity - Seite 3

Trades by Insiders

Upon inquiry of management, directors, control persons and third-party service providers, to the Company’s knowledge, based upon filings made with the SEDI and other information available to the Company, during the past 90 days, no such persons executed any purchase or sales transactions of the Company’s securities, except as follows:

• On May 29, 2020, the Company granted an aggregate of 14,740,000 stock options with an exercise price of $0.36 per share for a period of 10 years, of which 10,400,000 options were granted to directors and officers
• On May 22, 2020, 3DB Inc., a control person of the Company, deposited an aggregate of 8,000,000 common shares with the Company’s custodial agent for use by the Company to issue incentive rights. On May 28, 2020, the Company issued all 8,000,000 incentive rights available to directors and officers with an exercise price of $0.36 per share and an expiry date of May 15, 2027.
• In the past 90 days, 3DB Inc., a control person, has disposed of an aggregate of 275,797 common shares under previously agreed to terms with the Company at prices ranging from $0.36 to $0.435 per share. 3DB is an entity which is controlled by Darcy Daugela, a former director and officer of the Company. In March 2020, 3DB agreed to certain restrictions on the manner and volume of NexOptic’s shares that it may dispose within a multi year Support Agreement, being the lesser of 25,000 shares or 10% of the aggregate trading volume on the TSX Venture Exchange on the prior trading day. Further details including certain exemptions can be viewed in the Company’s March 25 2020 news release.

Issuances of Securities

Within the last 12 months, the Company has recently issued the following shares at prices constituting a discount to the current market rate at the time of the issuance as follows: (1) On June 14-17, 2019, the Company issued 7,431,449 units at $0.41 per unit (each unit consists of one common share and one share purchase warrant and each warrant entitles the holder to acquire one common share of the Company at a price of CDN $0.36 per share, following an amendment of the exercise price, until December 14-17, 2020) for gross proceeds of CDN $3,087,894.50 with finders' fees totaling $76,885.87 (of which $52,836.70 was paid in cash the balance through the issuance of 128,870 shares) and 316,397 finders' warrants paid in conjunction with this private placement; and (2) the Company issued an aggregate of 2,110,058 common shares over the 12-month period pursuant to the exercise of existing stock options and share purchase warrants.