TORONTO, July 30 /CNW/ - Forterra Environmental Corp. (TSX-V: FTE-V), an
emerging leader in the production and sale of premium organic soil-enrichment
products based on worm castings, today announced that its Board of Directors
has granted an additional 100,000 incentive stock options to its Chairman and
Chief Executive Officer, Donald Green.
The options are exercisable for $0.15 each and will expire on July 9,
2013. One-half of the options will vest on January 9, 2009 and the balance
will vest on or before July 9, 2009.
About Forterra Environmental Corp.
Forterra manufactures and markets environmentally friendly soil
enhancers, using worm castings, which boost fertility while restoring the soil
with organic matter for sustainable, longer-term benefits, including stronger
root growth, and drought and pest resistance. Forterra products contain only
organic material. They are ideal for golf courses, sports fields, lawn care,
parks, nurseries, orchards, and vineyards. Essentially, Forterra uses red
wriggler worms to convert organic waste into vermicompost or worm castings.
Worm castings contain micronutrients, which are required for healthy plant
development. Worm castings also contain microbes, which increase the rate at
which plants take up available macronutrients and micronutrients. Further
information is available on the company's website at www.forterra.com.
The TSX Venture Exchange Inc. has neither approved nor disapproved of the
contents of this news release.
For further information:
For further information: Investor and Media Relations: Richard W.
Wertheim, Wertheim + Company Inc., Email: email@example.com, (416)
594-1600, (416) 518-8479 (cell)