CEMATRIX Grants Incentive Stock Options
12 July 2022 - 08:00AM
CEMATRIX Corporation (TSXV: CVX) (OTCBB: CTXXF)
("
CEMATRIX" or the "
Company")
announces that its Board of Directors has approved the grant of
incentive stock options for certain Directors, Officers, Employees
or Consultants of the Corporation, pursuant to the Corporation’s
Omnibus Equity Incentive Compensation Plan for the purchase of
350,000 shares at an exercise price of $0.21, subject to the
vesting provisions of the options, at any time up to and including
June 29, 2027.
ABOUT CEMATRIXCEMATRIX is a
rapidly growing company that manufactures and supplies
technologically advanced cellular concrete products developed from
proprietary formulations across North America. This unique
cement-based material with superior thermal protection delivers
cost-effective, innovative solutions to a broad range of problems
facing the infrastructure, industrial (including oil and gas) and
commercial markets. Through recent acquisitions of Chicago based
MixOnSite and Bellingham based Pacific International Grout,
CEMATRIX is now North America’s largest Cellular Concrete company.
For more information please visit our website at
www.cematrix.com.
CAUTIONARY STATEMENT REGARDING FORWARD
LOOKING STATEMENTSThis news release contains
forward-looking statements and forward-looking information
(together, "forward-looking statements") within the meaning of
applicable securities laws. All statements, other than statements
of historical facts, are forward-looking statements. Generally,
forward-looking statements can be identified by the use of
terminology such as "plans", "expects", "estimates", "intends",
"anticipates", "believes" or variations of such words, or
statements that certain actions, events or results "may", "could",
"would", "might", "will be taken", "occur" or "be achieved". The
forward-looking statements contained in this news release are based
on certain key expectations and assumptions made by the Company,
including satisfaction of regulatory requirements in various
jurisdictions and the Company’s anticipated use of the net proceeds
of the Offering. Forward looking statements involve risks,
uncertainties and other factors disclosed under the heading "Risk
Factors" and elsewhere in the Company's filings with Canadian
securities regulators, which could cause actual results,
performance, prospects and opportunities to differ materially from
those expressed or implied by such forward-looking statements.
Although the Company believes that the
assumptions and factors used in preparing these forward-looking
statements are reasonable based upon the information currently
available to management as of the date hereof, actual results and
developments may differ materially from those contemplated by these
statements. Readers are therefore cautioned not to place undue
reliance 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 times frames or at all. Except where
required by applicable law, the Company 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.
For further information, please
contact:Jeff Kendrick - President and Chief Executive
Officer Phone: (403) 219-0484
Glen Akselrod – President, Bristol CapitalPhone: (905) 326-1888
ext 1glen@bristolir.com
Jeff Walker, The Howard Group – Investor
RelationsPhone: (888) 221-0915 or (403) 221-0915
jeff@howardgroupinc.com
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