Kraken Issues Options to Employees

ST. JOHN’S, NEWFOUNDLAND, December 18, 2017 /Marketwired/ — Kraken Robotics Inc. (TSX-V: PNG) (OTCQB: KRKNF) is pleased to announce that its Board of Directors has approved the issuance of 1,770,000 stock options to company employees. These options have a three-year term, with vesting in three equal instalments consisting of the date of grant and on the one and two-year anniversaries of the initial grant. The exercise price on the options is $0.18. “Employees are the lifeblood of any organization” said Karl Kenny, President and CEO of Kraken. “Our people have developed industry leading technologies that are seeing strong interest in the underwater robotics space. We constantly rely on our employees, many who have gone above and beyond the call of duty both onshore and at sea. Offering our employees stock options will further raise everyone’s awareness towards enhancing corporate and shareholder values. We want everyone to think like owners and…

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