NXT Announces Granting of Incentive Stock Options
23 December 2013 - 10:30PM
Marketwired
NXT Announces Granting of Incentive Stock Options
CALGARY, ALBERTA--(Marketwired - Dec 23, 2013) - NXT Energy
Solutions Inc. ("NXT" or the "Company")
(TSX-VENTURE:SFD)(OTCBB:NSFDF) advises that it has granted a total
of 65,000 stock options ("options") to members of its Board of
Directors.
These options form a portion of the total compensation payable
to the NXT Board of Directors for the six month period ended
December 31, 2013 and are granted in accordance with the terms of
NXT's Stock Option Plan. The options have an exercise price of
$1.83 per share and a five year term which will expire on December
18, 2018. The entitlement to exercise the options vests immediately
at the date of grant.
NXT Energy Solutions Inc. is a Calgary based company whose
proprietary Stress Field Detection ("SFD®")
survey system provides an effective and reliable method to reduce
time, costs, and risks related to hydrocarbon exploration. The
SFD® system utilizes quantum-scale sensors to
detect gravity field perturbations in an airborne exploration
survey method. SFD® can be used both onshore and
offshore to remotely identify areas with exploration potential for
traps and reservoirs, and enables our clients to focus their
hydrocarbon exploration decisions concerning land commitments, data
acquisition expenditures and prospect prioritization on areas with
the greatest potential. SFD® is environmentally
friendly and unaffected by ground security issues or difficult
terrain, and is the registered trademark of NXT Energy Solutions
Inc.
Forward-Looking Statements:
This news release may include forward-looking statements.
When used in this document, words such as "intends", "plans",
"anticipates", "expects" and "scheduled", are forward-looking
statements. Forward-looking statements are subject to a wide range
of risks and uncertainties, and although the Company believes that
the expectations represented by such forward-looking statements are
reasonable, there can be no assurance that such expectations will
be realized. Any number of factors can cause actual results to
differ materially from those in the forward-looking statements.
Risk factors facing NXT are described in its most recent MD&A
for the year ended December 31, 2012 which has been filed
electronically by means of the System for Electronic Document
Analysis and Retrieval ("SEDAR") located at www.sedar.com. Such
forward-looking statements are made as at the date of this news
release, and the Company assumes no obligation to update or revise
them, either publicly or otherwise, to reflect new events,
information or circumstances, except as may be required under
applicable securities law.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) nor the OTC Exchange accept responsibility for
the adequacy or accuracy of this release.
kin communications inc.Investor Relations604-684-6730 /
1-866-684-6730sfd@kincommunications.comwww.kincommunications.comNXT
Energy Solutions Inc.Greg LeavensV-P Finance &
CFO403-206-0805NXT Energy Solutions Inc.George LiszicaszPresident
& CEO403-206-0800www.nxtenergy.com
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