Razor Vitality Corp. Publicizes Grant of Incentive Inventory Choices

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CALGARY, Alberta, July 21, 2023 (GLOBE NEWSWIRE) — Razor Vitality Corp. (“Razor” or the “Firm”) (TSXV: RZE) publicizes that its board of administrators (the “Board“) has permitted the granting of incentive inventory choices (“Choices“) below its inventory choice plan to sure of its administrators and officers to accumulate as much as an combination of 1,181,064 frequent shares of the Company (“Widespread Shares“) and granting of Choices to sure of its workers and consultants to accumulate as much as an combination of 1,119,722 Widespread Shares (the “Possibility Grant“). 

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All the Choices are exercisable for a interval of 5 years at a worth of $0.80 per Widespread Share and 33⅓% of the Choices will vest on the date that’s one yr after the date of the grant of such Choices and the rest will vest 33⅓% per yr thereafter.

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About Razor
Razor is a publicly traded junior oil and gasoline improvement and manufacturing firm headquartered in Calgary, Alberta, focused on buying, and subsequently enhancing, and producing oil and gasoline from properties primarily in Alberta. The Firm is led by skilled administration and a powerful, dedicated Board of Administrators, with a long-term imaginative and prescient of progress targeted on effectivity and price management in all areas of the enterprise. Razor at the moment trades on TSX Enterprise Trade below the ticker “RZE.V”.
www.razor-energy.com

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READER ADVISORIES

FORWARD-LOOKING STATEMENTS: This press launch incorporates sure statements which may be deemed to be forward-looking statements. Such statements relate to the granting of Choices below the Firm’s inventory choice plan. All statements apart from statements of historic truth could also be forward-looking statements. Ahead-looking statements are sometimes, however not at all times, recognized by way of phrases equivalent to “anticipate”, “imagine”, “count on”, “plan”, “estimate”, “potential”, “will”, “ought to”, “proceed”, “could”, “goal” and comparable expressions. The forward-looking statements are primarily based on sure key expectations and assumptions made by the Firm, together with however not restricted to expectations and assumptions in regards to the availability of capital, present laws, receipt of required regulatory approvals, the well timed efficiency by third-parties of contractual obligation, the success of future drilling and improvement actions, the efficiency of current wells, the efficiency of recent wells, the Firm’s progress technique, basic financial circumstances, availability of required gear and companies prevailing commodity costs, worth volatility, worth differentials and the precise costs acquired for the Firm’s merchandise. Though the Firm believes that the expectations and assumptions on which the forward-looking statements are primarily based are affordable, undue reliance shouldn’t be positioned on the forward-looking statements as a result of the Firm may give no assurance that they’ll show to be appropriate. Since forward- trying statements handle future occasions and circumstances, by their very nature they contain inherent dangers and uncertainties. Precise outcomes might differ materially from these at the moment anticipated as a result of numerous elements and dangers. These embody, however will not be restricted to, dangers related to the oil and gasoline trade and geothermal electrical energy tasks on the whole (e.g., operational dangers in improvement, exploration and manufacturing; delays or modifications in plans with respect to exploration or improvement tasks or capital expenditures; variability in geothermal assets; because the uncertainty of reserve estimates; the uncertainty of estimates and projections referring to manufacturing, prices and bills, and well being, security and environmental dangers), electrical energy and commodity worth and trade charge fluctuations, modifications in laws affecting the oil and gasoline and geothermal industries and uncertainties ensuing from potential delays or modifications in plans with respect to exploration or improvement tasks or capital expenditures. Please check with the chance elements recognized within the annual data kind and administration dialogue and evaluation of the Firm which can be found on SEDAR at www.sedar.com. The forward-looking statements contained on this press launch are made as of the date hereof and the Firm undertakes no obligation to replace publicly or revise any forward-looking statements or data, whether or not because of new data, future occasions or in any other case, except so required by relevant securities legal guidelines.

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