TSX Venture Exchange Trading Symbol - TPI
17,343,628 shares outstanding
TORONTO, Jan. 7 /CNW/ - Tenth Power Technologies Corp. ("TPI") announced today the granting of 1,355,000 options to purchase
common shares to its directors, officers, consultants and employees
under its Incentive Stock Option Plan. The options are exercisable at
an exercise price of $0.10 for a period of five years. Vesting periods
vary between 100% vested immediately for directors, and a vesting
provision of 50% immediately and 25% over each of the next two years
for officers, consultants and employees.
This grant, which is subject to regulatory approval, brings the total
number of options outstanding to 1,695,000.
ABOUT TENTH POWER TECHNOLOGIES CORPORATION
Tenth Power Technologies Corporation is a Canadian based-technology and
solutions company. Tenth Power supplies secure business solutions to
clients in the telecommunications, financial services, manufacturing,
government and health care sectors. TPTC augments proprietary software
with product licensing and strategic acquisition of industry-leading
services, to design solutions that safeguard information and electronic
communications. The suite of products includes identity and signature
authentication, Internet security, safe communication platforms and a
secured collaboration environment. TPTC also provides IT security
consulting and managed services. The corporate office is located in
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this release.
SOURCE Tenth Power Technologies Corp.
For further information:
Guy Burry, Tel: 416-920-2010 Ext 159