STOCK OPTIONS

3 Months Ended

Sep. 30, 2022

Stock Options

STOCK OPTIONS

NOTE 10– STOCK OPTIONS

On August 3, 2021, the Company granted 1,000,000 options to Johnny Forzani, CEO, 250,000 options to Geoff Stanbury, director, and 250,000 options to Tom Forzani, Director. The options were issued pursuant the Company’s 2021 Equity Award Plan. The options are exercisable at $0.05, are immediately vested and expire in two years.

A summary of the status of the Company’s outstanding stock options and changes during the period is presented below: 

Stock Options	Options			Weighted Average Exercise Price		Aggregate Intrinsic Value
Options outstanding at June 30, 2021		—		$	—		—
Granted		1,500,000		$	0.05		—
Exercised		(500,000	)	$	—		—
Expired		—		$	—		—
Options outstanding at June 30, 2022		1,000,000		$	0.05		—
Granted		—		$	—		—
Exercised		—		$	—		—
Expired		—		$	—		—
Options outstanding at September 30, 2022		1,000,000		$	0.05		—
Options exercisable at September 30, 2022		1,000,000		$	0.05	$	—

Range of Exercise Prices		Number Outstanding 9/30/2022		Weighted Average Remaining Contractual Life		Weighted Average Exercise Price
$	0.05		1,000,000		1.16 years	$	0.05