VANCOUVER, July 7, 2017 /CNW/ – Destiny Media Technologies Inc. (TSXV: DSY) (OTCQB: DSNY) announces that it has granted 1,500,000 non-qualified stock options under its 2015 Stock Option Plan to officers, directors, committee members, and employees of Destiny. 

Of the 1,500,000 options granted, 1,400,000 options were granted to directors, officers and employees at an exercise price of USD$0.40 per share, vesting equally each month over two years commencing July 31, 2017 and expiring five years from grant. The remaining 100,000 options were granted to employees with a strike prices of $0.26 vesting equally each month over one year commencing July 31, 2017 and expiring three years from grant.

Name Of
Optionee
CapacityNumber
Of
Options
Exercise
Price
Expiration
Date
Hyonmyong
Cho
DirectorAudit Committee, Executive
Compensation Committee, and Corporate Governance and Nominating Committee
Member
225,000$0.40July 06, 2022
Jay GraberDirectorAudit Committee, Executive
Compensation Committee, and Corporate Governance and Nominating Committee
Member
225,000$0.40July 06, 2022
Steve
Vestergaard
Director150,000$0.40July 06, 2022
Fred
Vandenberg
Chief Executive Officer Chief Financial Officer Corporate Secretary400,000$0.40July 06, 2022
Rick RamsayDirector of Product Management200,000$0.40July 06, 2022
50,000$0.26July 06, 2020
Darren MartzDirector of Development200,000$0.40July 06, 2022
50,000$0.26July 06, 2020
Total
1,500,000

About Destiny Media Technologies, Inc.

Destiny Media Technologies (“Destiny”) provides services that enable content owners to securely display and distribute their audio and video content digitally through the internet. Destiny owns and operates two businesses, Play MPE® and Clipstream®. Play MPE (www.plaympe.com) provides a standardized method to securely and cost effectively distribute pre-release music to radio stations and other music industry professionals for promotional purposes. Clipstream (www.clipstream.com) is a video format that plays on any modern smart phone, tablet, internet, TV, or computer.

For further information:

Fred Vandenberg, CEO Destiny Media Technologies, Inc., 604 609 7736 x236