Decision Dynamics Cancels Options and Intends to Issue Shares for Services
The Company also announced today that it has received board approval to proceed with a shares for service application pursuant to the requirements of the TSXV Policy 4.3. Subject to acceptance of the application by the TSXV, the shares for service proposal will enable the Company to issue an aggregate of 973,133 shares of the Company to its employees, who are not officers or directors of the Company, over a period of three years. The first tranche of shares issued, assuming the application is approved by the TSXV, will allow the Company to issue 324,388 shares to employees in Q4 2009 at a deemed price of
About Decision Dynamics Technology Ltd.
Decision Dynamics Technology Ltd. is a leading provider of project cost control and productivity management software for the energy industry, including major electrical power companies.
Its product, Oncore(TM), is a project cost management solution that provides high volume, real-time capture of field labor, equipment, and material cost information, contract validation and approvals for operations management and capital projects. Oncore(TM) unifies the project data, information, and knowledge needed for complete project visibility thereby enabling better faster project management decisions. Decision Dynamics is a Microsoft Gold Certified Partner. The Company's head office is located in
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.
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For further information: For further information: Justin Zinke, Chief Executive Officer, Decision Dynamics Technology Ltd., (403) 451-0731; Kim Tremblay, Chief Financial Officer, Decision Dynamics Technology Ltd., (403) 451-0726
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