Catch The Wind Grants Stock Options
14 October 2011 - 10:00PM
PR Newswire (Canada)
CHANTILLY, VA, Oct. 14, 2011 /CNW/ - Catch the Wind Ltd. ,
providers of laser-based wind sensor products and technology, today
announced that it has granted 100,000 stock options to each of Dr.
Jo Major, Jr., Chairman and Interim CEO and Ms. Susan Nickey, both
directors of the Company, on October 11, 2011. The options are
exercisable at a price of CDN $0.21 per share based on the closing
share price on the TSX Venture Exchange on October 11,
2011. One third of the options will vest immediately,
one third will vest on the first anniversary of the grant date and
the remaining one third will vest on the second anniversary of the
grant date. The term of the options is ten years from the
date of grant. The granting of the options is consistent with the
Company's non-employee director compensation policy. About Catch
the Wind Ltd. Catch the Wind Ltd. is a high-growth technology
company headquartered in Chantilly, Virginia. The company was
founded in 2008 to develop and manufacture the Vindicator® laser
wind sensor. Catch the Wind serves the commercial market sector for
laser based wind sensor systems, recognized as the "gold standard"
in wind measurement. The Company is focused on becoming a
major contributor in making clean, renewable wind energy more
affordable and profitable. For more information, please visit
www.catchthewindinc.com and follow us at
www.twitter.com/Catchthewindinc. Forward-Looking Information This
news release includes certain forward-looking statements within the
meaning of Canadian securities laws. Forward-looking statements
involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ
materially from those expressed in such forward-looking statements.
Forward-looking statements in this news release, include, but are
not limited to, economic performance and future plans and
objectives of Catch the Wind. Any number of important factors could
cause actual results to differ materially from these
forward-looking statements as well as future results. Although
Catch the Wind believes that the assumptions and factors used in
making the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply
as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed timeframes or at all.
Catch the Wind disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. 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. Catch
the Wind Ltd. CONTACT: Catch the Wind Ltd. TMX EquicomClaudia
Jaques Philip DaleVice President and General Investor
RelationsCounsel 416-815-0700 ext.253703-956-6554
pdale@equicomgroup.comcjaques@catchthewindinc.com
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