EDMONTON, ALBERTA/CNW/ – Imperial Equities Inc. (TSX-V:IEI), through its Board of Directors, today announced that effective August 26th, 2024, it has approved a grant of stock options to a Director of Imperial Equities Inc.
The Director can purchase an aggregate of 200,000 common shares at an exercise price of $4.00 per common share pursuant to its stock option plan. The stock options expire five years from the date of grant, and vest immediately.
The first Quarter of our 2024 fiscal year has been busy for our Company and with major projects complete and signs that the interest rate environment is beginning to stabilize, the Company is beginning to look a little farther afield for new growth opportunities. I am pleased to report that there are several major projects that are currently under review in terms of acquisitions, dispositions and new builds. The industrial market in the Greater Edmonton Region remains strong, with only a 4.5% vacancy rate at the end of 2023, and there is significant and competitive new product coming available across the region.
