Aaron Keay, a director of Alkaline Water Company Inc. (The), has just filed an initial statement of beneficial ownership where 200,000 shares of Alkaline Water Company Inc. (The) were declared. This form is usually filed as a prelude to receiving options or buying company shares, so there may be more to come from Keay. Keay operates out of Vancouver, A1. Some additional info was provided as follows:
(1) 1/4 of the options will vest on April 28, 2017 (the "Date of Grant"); on each anniversary date of the Date of Grant, additional 1/4 of the options will vest; provided, however, the options will stop vesting in the event that the Reporting Person's continuous service terminates (other than upon the Reporting Person's death or disability) while the options will conti nue vesting in the event that the Reporting Person's continuous service terminates as a result of the Reporting Person's death or disability.
50% vest on April 3, 2020 and 50% vest on April 3, 2021.
50% vest on March 31, 2021 and 50% vest on March 31, 2022.
Each Subscription Receipt is convertible into of one unit (each, a "Unit") of The Alkaline Water Company Inc. (the "Issuer"). Each Unit will consist of one common share in the capital of the Issuer (each, a "Share") and one common share purchase warrant (each share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Share (each, a "Warrant Share") at $1.25 per Warrant Share for a period commencing on the closing date of the private placement (the "Closing Date") and ending three (3) years following the Closing Date. Each Subscription Receipt will automatically convert into one Unit of the Issuer upon the Issuer receiving shareholder approval for the private placement.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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Other recent filings from the company include the following:
Prospectus [Rule 424(b)(3)] - Oct. 25, 2021
Notice of Effectiveness - Oct. 22, 2021
Alkaline Water Company Inc.: The Alkaline Water Company Announces Preliminary Results - Oct. 12, 2021
Unregistered Sales of Equity - Oct. 4, 2021
Unregistered Sales of Equity - Oct. 1, 2021