ProtoKinetix issues 2.52M shares to CEO at $0.025; reprices 93.5M options to $0.028

ProtoKinetix, Inc.

Issued 2,520,000 shares to CEO Clarence Smith at $0.025/share in private placement, raising $63,000.
Board cancelled 93.54M options with above-market exercise prices and granted replacement options at $0.028, expiring Dec 6, 2028.
Replacement options: 45.61M to CEO & CFO, 7.5M to a director, 40.43M to three consultants.
Cancelled a consultant's warrant for 6M shares at $0.26; issued new warrant at $0.028 expiring Dec 12, 2028.
Total options outstanding under the 2017 Plan stand at 94,690,000 shares after these changes.

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