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MONTREAL, Dec. 1, 2014 /CNW Telbec/ - EXO U Inc. ("EXO U" or the "Corporation") (TSXV: EXO) announced today that, subject to regulatory and TSX Venture Exchange approval, its Board of Directors has approved the grant of an aggregate of 70,000 stock options to three directors of the Corporation.
The stock options were granted pursuant to the terms of the Corporation's stock option plan, are exercisable at $3.05 per share and have a 10 year term. One fourth of the options will vest with each optionee on the first anniversary of the date of the grant, with the remaining balance vesting each month for 36 months thereafter.
About EXO U
EXO U enables businesses and educational organizations to securely manage information and empower people to communicate their best ideas through application interoperability across desktop and mobile computing environments. We simplify the management of the entire application lifecycle, helping clients manage enterprise mobility and BYOD initiatives, ensure the security and privacy of information, increase productivity, and reduce the total cost of ownership for existing and future IT investments. The EXO U technology agnostic framework offers users a unified collaborative workspace with a unique, secure and attractive experience for current and future digital content and applications.
Disclaimer in Regards to Forward-Looking Statements
Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking information contained in this press release represents EXO U's current expectations. EXO U disclaims any intention and assumes no obligation to update or revise any forward-looking information, except if required by applicable securities laws.
Neither 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.
For more information please visit www.exou.com
SOURCE: EXO U Inc
For further information: Mr. Doug McCollam, Chief Financial Officer, EXO U Inc., Phone: (514) 207-1190, E-mail: [email protected]