Stock options are an important incentive component both for retaining
current personnel and associates at Thermal Energy and for securing new
individuals and consultants in a cost-effective manner, whose talents and
specialties accelerate the growth of the Company
OTTAWA, June 11 /CNW Telbec/ - Thermal Energy International Inc.
(TSX-V:TMG) (www.thermalenergy.com) announced today that a total of 350,000
stock options are to be granted to an employee and a consultant with a deemed
price of $0.37 per share, exercisable up to three years from the date of
grant. All options issued will be subject to approval by the TSX Venture
Exchange and the standard regulatory hold periods from the date of grant as
required by Exchange.
About Thermal Energy
Thermal Energy International Inc. is an innovative technology company
providing custom energy and emission reduction, and bioenergy solutions.
Headquartered in Ottawa, Canada, TEI is a designer, design build developer,
fabricator, and supplier of proprietary and patented energy conservation,
renewable energy and environmental technology solutions. Thermal Energy is a
fully accredited professional engineering firm, and offers advanced process
and applications engineering services. The Company is a proud member of the
Chicago Climate Exchange (CCX). FLU-ACE(R), Dry-Rex(TM), THERMALONOx(TM) and
THERMALOZOMAx(TM) are trademarks of Thermal Energy International. GEM(R) is a
trademark used under exclusive license from Gardner Energy Management Ltd.
For more information about Thermal Energy International Inc.
(TSX-V: TMG), visit our website at www.thermalenergy.com.
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
For further information:
For further information: Stuart McCarthy, Thermal Energy International
Inc., Investor Relations and Communications, (613) 723-6776 x 220,