VANCOUVER, Dec. 4, 2015 /CNW/ - JEMTEC (TSX-V:JTC) ("JEMTEC" or the "Company"), the leading provider of integrated technology systems for community based corrections in Canada, announced today that effective December 3, 2015, the Board of Directors approved a grant of stock options to directors and officers in accordance with the Company's Stock Option Plan.
The grant of options to directors and officers is for 346,830 stock options at an exercise price of $0.345 per share, expiring December 2, 2020. The options are subject to an 18 month vesting schedule with 1/6 of the options being released initially and 1/6 every three months thereafter
Established in 1981, JEMTEC provides a variety of offender community control technologies and is the leading provider of community offender monitoring solutions to Canadian Corrections. The common shares of JEMTEC trade through the facilities of the TSX-Venture Exchange under the symbol JTC.
The TSX-Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking information. Actual future results may differ materially. All figures are in Canadian dollars. The risks, uncertainties, and other factors that could influence actual results are described in the Company's annual report to shareholders and in TSX reports.
SOURCE Jemtec Inc.
For further information: Eric Caton, President, Phone (877) 929-4559, Fax (877) 929-4198, www.jemtec.ca