MONTRÉAL, May 31, 2023
/CNW/ - Imaflex Inc. ("Imaflex" or the "Corporation") (TSXV: IFX),
announces that it has granted a total of 1,650,000 stock options
(the "Options") to two employees of the Corporation. The
options are convertible into an equal amount of common shares of
the Corporation for a period of five (5) years from the date of
grant of the Options. One quarter of the Options vest immediately
upon grant with an additional quarter vesting every six-month
period thereafter. The Options are granted as of May 30, 2023 at an exercise price of $1.25 per common share until May 30, 2028.
About Imaflex Inc.
Founded in 1994, Imaflex is focused on the development and
manufacturing of innovative solutions for the flexible packaging
space. Concurrently, the Corporation develops and manufactures
films for the agriculture industry. The Corporation's products
consist primarily of polyethylene (plastic) film and bags,
including metalized plastic film, for the industrial, agricultural
and consumer markets. Headquartered in Montreal, Quebec, Imaflex has manufacturing
facilities in Canada and
the United States. The
Corporation's common stock is listed on the TSX Venture Exchange
under the ticker symbol IFX. Additional information is available at
www.imaflex.com.
Neither the 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.
SOURCE Imaflex Inc.