AgriTec Systems Announces Incentive Stock and Stock Options
03 November 2011 - 7:05AM
Marketwired
AgriTec Systems, Inc. ("AgriTec" or the "Corporation")(TSX
VENTURE:AGR) is pleased to announce that under the Company's
employee incentive stock plan Mr. Willy Verbrugghe is entitled to
receive 300,000 shares, Mr. Greg R. Wellen and Mr. Bill Mullee are
each entitled to receive 100,000 shares in the Company's common
stock. The company will be issuing 100,000 options under the
Company's options plan to each of the Company's six directors to
replace options that were recently exercised. Also under the
Company's option plan Mr. Willy Verbrugghe (CEO) will receive
250,000 options, Mr. Greg Wellen (CFO), Mr. Bill Mullee (CTO) and
Mr. David Karohl (CMO) will receive 100,000 options each and Mrs.
Evelyn Welborn (Comptroller) will receive 50,000 options is
exercisable at $0.10 per share and good for five years.
AgriTec is a Houston, Texas based corporation engaged in the
pursuit of "clean tech" business opportunities for the conversion
of bio-mass (specifically rice hull ash) into value added
commodities, and has been issued a number of world-wide patents in
this regard. The Corporation's common shares are listed on the TSX
Venture Exchange under the trading symbol "AGR".
Neither the TSX Venture Exchange nor its Regulation Services
Provide (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Contacts: AgriTec Systems, Inc. Willy Verbrugghe Chief Executive
Officer 713-680-1700 713-680-1704
(FAX)wverbrugghe@agritecsystems.com AgriTec Systems, Inc. Greg R.
Wellen Chief Financial Officer 713-680-1700 713-680-1704
(FAX)gwellen@agritecsystems.com
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