Options to purchase up to 60,000 common shares were granted pursuant to the Company's stock option plan, exercisable at a price of
In addition, 212,000 restricted share units were awarded pursuant to the Company's restricted share unit plan, of which 60,000 restricted share units shall vest according to the above schedule and 152,000 restricted share units shall vest in equal monthly installments over the next 12 months.
Caution Regarding Forward-Looking Information
Except for statements of historical fact contained herein, the information in this press release constitutes "forward-looking information" within the meaning of Canadian securities law. Such forward-looking information may be identified by words such as "plans", "proposes", "estimates", "intends", "expects", "believes", "may" and "will". There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from such statements. Factors that could cause actual results to differ materially include, among others, regulatory risks, risks inherent in foreign operations, commodity prices, competition, and investments having no history of operations. Most of these factors are outside the control of the Company. Investors are cautioned not to put undue reliance on forward-looking information. Except as otherwise required by applicable securities statutes or regulation, the Company expressly disclaims any intent or obligation to update publicly forward-looking information, whether as a result of new information, future events or otherwise.
FOR FURTHER INFORMATION PLEASE CONTACT:
Spectra7 Microsystems Inc. Robert MunroCommunications (905) 480-9109 ext. 269 email@example.com Source: Spectra7 Microsystems Inc.