VANCOUVER, Dec. 9, 2015 /CNW/ - HIT Technologies Inc. (the "Company") (TSXV: HIT) announces that it granted stock options (the "Options") to acquire an aggregate of 715,000 common shares of the Company pursuant to its stock option plan, 250,000 of which were granted to directors of the Company. The 250,000 Options granted to directors of the Company have a grant date of November 17, 2015; vest in 36 equal monthly instalments commencing on the last day of the first month following the grant date and then on each of the 35 subsequent monthly anniversaries thereof; are exercisable at a price of $0.17 per common share; and expire on November 17, 2021. Subsequent to the grant of the 715,000 Options, the Company now has Options outstanding to acquire an aggregate of 3,969,500 common shares of the Company.
About HIT Technologies Inc.
The Company develops and markets a portfolio of products for use on Apple iPhones across the globe. The Company believes that there is a significant opportunity in helping people get Ready for AdventureTM with the best camera they already have, their iPhone. HITCASE PRO allows people to create exciting photo and video content using patent pending RailslideTM mounts without the need for additional cameras or gear that get in the way of the fun. With a combination of software, professional quality lenses, patented waterproofing and mounting technologies for every conceivable activity, HITCASE PRO makes it fun and easy for users to capture and share a day at the beach, on the mountain, in the backyard or anywhere else life takes you.
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the TSX Venture Exchange ("TSXV") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy of this release.
SOURCE HIT Technologies Inc.
For further information: Brooks Bergreen, CEO HIT Technologies Inc., firstname.lastname@example.org, www.hitcase.com/invest, 1-888-423-4124 Ext. 520