VirtualArmour Announces Option Grant

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES./

VANCOUVER, March 24, 2017 /CNW/ - VirtualArmour International Inc. ("VirtualArmour") (CSE:VAI) is pleased to announce it has granted an aggregate of 1,585,000 stock options to employees of the Company. The options will vest pursuant to the stock option agreements between VirtualArmour and each optionee and may be exercised at an exercise price of CAD$0.30 per common share, for a period of 5 years from the date of issuance or earlier in accordance with VirtualArmour's incentive stock option plan.

About VirtualArmour

VirtualArmour is a mullti-national managed services and sybersecurity company that delivers solutions to help enterprises build, monitor, maintain and secure their networks from cloud to core.  VirtualArmour's services run 24 hours per day, 7 days per week, 365 days per year through its primary security operations center ("SOC") located in Middlesbrough, U.K. and a secondary SOC located in Salt Lake City, Utah.  VirtualArmour uses best-in-breed partnerships to provide solutions for customers that are affordable, reliable, scalable, and backed by industry leading customer service and experience.  VirtualArmour customers include a 13-location data center provider, a Fortune 100 oil and gas company, multiple service providers with presences throughout the United States, and household name enterprise organizations located primarily in the western United States.  Further information about the Company is available under its profile on the SEDAR website, www.sedar.com, on the CSE website, www.thecse.com, and on its website, http://www.VirtualArmour.com/.  

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation. The forward-looking information is based on certain key expectations and assumptions made by the management of VirtualArmour.  Although VirtualArmour believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information as VirtualArmour cannot provide any assurance that it will prove to be correct. These forward-looking statements are made as of the date of this press release and VirtualArmour disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.

SOURCE VirtualArmour

For further information: Company Contact: Matt Brennan, President, Office: 720-398-6873, Matthew.Brennan@VirtualArmour.com; Nick Dinsmoor, Vice President Marketing and Business Development, Office: 720-644-0913, Nick.Dinsmoor@VirtualArmour.com; Media Relations Contact: Josh Stanbury, Office: 416-628-7441, josh@sjspr.co.uk; Investor Relations Contact: Babak Pedram, Office: 416-644-5081, boedram@virtusadvisory.com

RELATED LINKS
http://www.virtualarmor.com

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