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CALGARY, April 5, 2018 /CNW/ - Pond Technologies Holdings Inc. (the "Corporation" or "Pond") (TSX.V: POND) announces that on April 4, 2018 it granted an aggregate of 535,000 stock options (the "Options") to eligible participants under the Corporation's existing stock option plan. Each Option is exercisable for one common share of the Corporation at an exercise price of $2.00 per share. The closing price of the common shares of the Corporation on the TSX Venture Exchange on April 3, 2018 was $1.43. The Options expire five years from the date of grant and vest as to one-third on the date of grant, one-third on the first anniversary of the date of grant, and the balance on the second anniversary of the date of grant.
About Pond Technologies:
Located in Markham, Ontario, Pond has developed a proprietary growth platform that can transform carbon dioxide (CO2) from virtually any source into valuable bio-products. The Corporation works with the cement, steel, oil and gas and power generation industries to reduce greenhouse gas emissions and generate new revenue streams.
Pond's platform technology also includes the growth of algae superfoods for the nutraceutical and food additive markets. Pond's system is capable of growing many species of algae, including strains that produce anti-oxidants, omega-3 fatty acids, and protein for human and animal consumption.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved of the information contained herein.
SOURCE Pond Technologies Holdings Inc.