CYMAT Announces Grant of Stock Options

Listing: TSX-V
Symbol: CYM

TORONTO, June 19, 2015 /CNW/ - Today Cymat Technologies Ltd. (the "Company" or "Cymat") announced, that in compliance with the Company's stock option plan, the Company has granted 447,859 incentive stock options to certain of its directors, officers and employees, with each option being exercisable into one common share of Cymat at $0.125 per share until June 19, 2020.  The options vest in three tranches over a two year period.

About Cymat:
Cymat develops innovative materials for industry. The company has worldwide rights, through patents and licenses, for producing Stabilized Aluminum Foam. The ultra-light metallic foam is manufactured by bubbling gas through molten alloyed aluminum containing a dispersion of fine ceramic particles and can be produced as either Near-net Shapes or Flat Panels. The result is a revolutionary material with a wide array of features including very low density, mechanical energy absorption, thermal and acoustic insulation, is recyclable, time and temperature insensitive and has a relatively low cost of production. Cymat is collaborating with a number of partners spanning the architectural, blast mitigation and automotive industries. For further information, visit the Web site www.cymat.com.

SOURCE Cymat Technologies Ltd.

For further information: Investors and Media: Michael Liik, Executive Chairman, Cymat Technologies Ltd., Tel: (416) 682-4214, Email: Liik@cymat.com

RELATED LINKS
http://www.cymat.com

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890