OTTAWA, March 4, 2014 /CNW/ - BluMetric Environmental Inc. (TSXV: BLM), an Ottawa-based cleantech company, announces that it has
granted a total of options for 145,000 common shares, comprising
options for 100,000 common shares to directors of the Company, and the
balance to consultants and employees of the Company. The director
options are an initial grant on the two most recent appointees joining
the board, in accordance with Company practice. The options vest over
three years, and are exercisable into common shares of BluMetric at a
price of $0.50 per share for a period of five years.
BluMetric currently has 25,191,656 common shares issued and outstanding,
and under the Company's Employee Share Option Plan, a maximum of
3,200,000 common shares are available to be issued pursuant to the
exercise of options at this time. Including this grant of options for
145,000 common shares, a total of 2,216,300 common shares have been
reserved for issuance pursuant to outstanding option grants. There are
983,700 further common shares remaining available for issuance at this
time with respect to future option grants.
For additional information on the merger and these financial results,
please refer to the Company's filings at www.sedar.com.
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BluMetric, a cleantech company, delivers sustainable solutions to
complex environmental issues. The Company serves clients in many
industrial sectors, and at all levels of government, in Canada and
BluMetric operates through two divisions:
Professional Services Division, providing environmental earth sciences
and engineering solutions, including contaminated site remediation,
water resource management, industrial hygiene, occupational health &
safety, and renewable energy. This division also operates under the
names "WESA" and "Envir-Eau"
Water Division, focussed on design-build and pre-engineered product
solutions to industrial/commercial water and wastewater treatment
needs. This division also operates under the names "WESAtech" and
More information can be obtained at www.blumetric.ca.
Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein.
SOURCE: BluMetric Environmental Inc.
For further information:
Ian W. Malone, CFO
Tel: (613) 839-4028 x121
Fax: (613) 839-5376
Robin M. Sundstrom
IRonside Investor Relations
Tel: (647) 822- 8111