Outstanding shares: 60,261,136
QUEBEC CITY, Dec. 8 /CNW Telbec/ - In accordance with its annual stock option compensation plan approved by the Board of Directors, CO2 Solution Inc. ("CO2 Solution") granted today a total of 385,000 stock options to its officers and directors under its stock option plan. Each stock option allows the holder thereof to subscribe to one common share of CO2 Solution on or before December 7th, 2015, at a price of $0.20 per share, which price corresponds to the closing price of the shares of CO2 Solution on the last trading day preceding the grant of the stock options.
About CO2 Solution
Based in Quebec City, CO2 Solution has developed a proprietary bio-technological platform for the efficient capture of carbon dioxide (CO2), the most important greenhouse gas (GHG), from power plants and other large stationary sources of emissions. The Company's technology platform exploits the natural power of a bio-catalyst (enzyme), carbonic anhydrase, which functions within humans and other mammals to manage CO2 during respiration. CO2 Solution has successfully adapted the enzyme to function within an industrial environment, and thus has taken advantage of a biomimetic approach to CO2 capture based on millions of years of evolution. The Company is commercializing its technology for coal fired power generation, the oil sands and other CO2-intensive industries where a low-cost capture solution is key to meeting climate change legislation in a cost effective manner.
CO2 Solution's technology platform is protected by several North American and European patents, including the use of carbonic anhydrase for the efficient post combustion capture of carbon dioxide with low energy aqueous solvents. News releases and additional information can be found at www.co2solution.com.
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