TSX-V: JTC
VANCOUVER, April 26, 2019 /CNW/ - JEMTEC Inc. (TSX-V:
JTC) (the "Company") announces that, Cyril
Ing, a longstanding Jemtec Board Director, had exercised an
option to purchase 57,805 shares of JEMTEC stock. Mr. Ing stated
that he may sell some Jemtec shares in order to offset the costs
associated with the exercise.
Pursuant to the Company's 2005 Plan (the Plan), the Board of
Directors may, from time to time, grant options to directors,
officers, employees and consultants of the Company. Each option
entitles the holder to acquire one common share of the Company at
such price and on such terms as determined by the Board in
accordance with the Plan. The Options exercised by Mr. Ing were
granted on December 3rd
2015 under the Plan at an exercise price of $0.345 and were fully vested on June 03, 2017.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which
relate to future events or future performance and reflect
management's current expectations and assumptions. Such
forward-looking statements reflect management's current beliefs and
are based on assumptions made by and information currently
available to the Company. Investors are cautioned that these
forward looking statements are neither promises nor guarantees, and
are subject to risks and uncertainties that may cause future
results to differ materially from those expected. These
forward-looking statements are made as of the date hereof and,
except as required under applicable securities legislation, the
Company does not assume any obligation to update or revise them to
reflect new events or circumstances.
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 Jemtec Inc.