OTTAWA, Dec. 16 /CNW/ - Clearford Industries Inc. ("Clearford" or the
"Company", TSX-V: CLI) announced today that it has granted 400,000
options to Bruce Linton, President and CEO of the Company, to purchase
common shares of the Company at an exercise price of $0.40 per share.
The expiry date of this option grant is July 13, 2015 and the vesting
terms are 1/3rd vesting on July 13, 2011, 1/3rd vesting on July 13,
2012 and the final third vesting on July 13, 2013.
Neither the 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.
About Clearford Industries Inc.
Clearford Industries Inc. (TSX-V: CLI) is the developer of the patented
Small Bore Sewer ™ (SBS™), a watertight small diameter wastewater
collection system that provides servicing with superior operational and
environmental performance at a significantly lower cost when compared
to historic gravity sewers. Clearford's SBS™ technology and industry
expertise provide the enabling platform to deliver, on a global basis,
turnkey, fixed-price wastewater collection, treatment and energy
generation solutions that are ideally suited for water-scarce regions,
those with unreliable water distribution networks, and new developments
seeking a greener approach to water and wastewater management. For
more information on Clearford, please visit www.clearford.com.
Forward Looking Statements
This news release contains certain statements that constitute
forward-looking statements as they relate to the Company and its
management. Forward-looking statements are not historical facts but
represent management's current expectation of future events, and can be
identified by words such as "believe", "expects", "will", "intends",
"plans", "projects", "anticipates", "estimates", "continues" and
similar expressions. Although management believes that the expectations
represented in such forward-looking statements are reasonable, there
can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions and are
subject to inherent risks and uncertainties that could cause actual
future results, conditions, actions or events to differ materially from
those in the forward-looking statements. If and when forward-looking
statements are set out in this news release, Clearford will also set
out the material risk factors or assumptions used to develop the
forward-looking statements. Except as expressly required by applicable
securities law, the Company assumes no obligation to update or revise
any forward looking statements. The future outcomes that relate to
forward-looking statements may be influenced by many factors,
including, but not limited to: industry cyclicality; the ability to
secure third party agreements; successful integration of Clearford's
system with third party technology; competition; reduction in demand
for products; collection from customers; relationships with suppliers;
product liability; intellectual property; reliance on key personnel;
environmental; interest rates; uninsured and underinsured losses;
operating hazards; risks of future legal proceedings; income tax
matters; credit facilities; availability and terms of financing;
distribution of securities; restrictions on potential growth; effect of
market interest rates on price of securities; and potential dilution.
SOURCE Clearford Industries Inc.
For further information: For further information:
|Bruce Linton ||Martin Tremblay|
|President and CEO ||Investor Relations |
|Clearford Industries Inc. ||(514) 476-7773|
|Phone: (613) 599-6474 ext. 301|