CALGARY, June 30, 2015 /CNW/ - MATRRIX Energy Technologies Inc. ("MATRRIX" or the "Corporation") (TSX-V: MXX) announces the grant of stock options to certain Directors, Officers and Employees.
Grant of Stock Options
The Corporation announces that it has granted an aggregate of 927,446 stock options (the "Options") to certain directors, officers and employees pursuant to the Corporation's incentive stock option plan, at an exercise price of $0.25 per share, being the closing price of MATRRIX stock on Tuesday June 30, 2015. All Options are subject to vesting as to one third a year from the date of grant, one third two years from the date of grant and the remaining third vesting three years from the date of grant. Once vested, the options can be exercised and have an expiration date that is one year from the date of vesting. The grant of Options is subject to applicable stock exchange and regulatory approvals.
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.
SOURCE MATRRIX Energy Technologies Inc.
For further information: please contact: Richard Ryan, President & Chief Executive Officer, MATRRIX Energy Technologies Inc., Tel: (403) 984-5062