Seprotech Grants Stock Options
20 August 2011 - 4:13AM
PR Newswire (Canada)
OTTAWA, Aug. 19, 2011 /CNW/ -- OTTAWA, Aug. 19, 2011 /CNW/ -
Seprotech Systems Incorporated (TSX-V: SET) ("Seprotech" or the
"Company") announces that it has granted a total of 3,415,000 stock
options, including 2,100,000 options to directors, and the balance
to consultants, officers and employees of the Company. The stock
options are exercisable into common shares of Seprotech at an
exercise price of $0.10 per share for a period of five years.
Seprotech currently has 50,321,926 common shares issued and
outstanding, and under the Company's Employee Share Option Plan a
maximum of 7,000,000 common shares are available to be issued
pursuant to the exercise of options at this time. Including this
grant of 3,415,000 options, a total of 5,405,000 common shares have
been reserved for issuance pursuant to outstanding option grants.
There remain available 1,595,000 more shares for future option
grants. About Seprotech: Seprotech is a provider of pre-engineered
water and wastewater treatment solutions to the municipal/land
development, resource sector and military market place, including
Reverse Osmosis water purification systems, ROTORDISK® biological
sewage treatment package plants and CrystalBlueâ„¢ membrane-based
water recycling systems. 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. The TSX Venture Exchange
has neither approved nor disapproved of the information contained
herein. To view this news release in HTML formatting, please use
the following URL:
http://www.newswire.ca/en/releases/archive/August2011/19/c5009.html
p Mr. Ian W. Malone, CFObr/ Tel: (613) 523-1641br/ Fax: (613)
731-0851 /p
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