Ottawa – March 4, 2014 – BluMetric Environmental Inc. (TSX-V: BLM), an Ottawa-based cleantech company, announces that it has granted a total of options for 145,000 common shares, comprising options for 100,000 common shares to directors of the Company, and the balance to consultants and employees of the Company. The director options are an initial grant on the two most recent appointees joining the board, in accordance with Company practice. The options vest over three years, and are exercisable into common shares of BluMetric at a price of $0.50 per share for a period of five years.
BluMetric currently has 25,191,656 common shares issued and outstanding, and under the Company’s Employee Share Option Plan, a maximum of 3,200,000 common shares are available to be issued pursuant to the exercise of options at this time. Including this grant of options for 145,000 common shares, a total of 2,216,300 common shares have been reserved for issuance pursuant to outstanding option grants. There are 983,700 further common shares remaining available for issuance at this time with respect to future option grants.
For additional information on the merger and these financial results, please refer to the Company’s filings at www.sedar.com.
BluMetric, a cleantech company, delivers sustainable solutions to complex environmental issues. The Company serves clients in many industrial sectors, and at all levels of government, in Canada and abroad.
BluMetric operates through two divisions:
More information can be obtained at www.blumetric.ca
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.
Ian W. Malone, CFO
Tel: (613) 839-4028 x121
Fax: (613) 839-5376
Robin M. Sundstrom
IRonside Investor Relations
Tel: (647) 822-8111