CALGARY, May 8, 2017 /CNW/ - Trakopolis IoT Corp.
("Trakopolis" or the "Company") (TSX VENTURE: TRAK)
announces that the Company's Board of Directors has granted options
to acquire an aggregate of up to 1,270,000 common shares of the
Company (the "Common Shares") to directors, officers and
select employees of the Company, subject to adjustment, with an
exercise price of $1.19 per Common
Share, exercisable for a period of five years. The options
were granted pursuant to Trakopolis' stock option plan, vesting
fully in equal instalments by January 1,
2019, and are subject to all applicable regulatory and
exchange approvals.
About Trakopolis
Trakopolis is a Software as a Service (SaaS) company with
proprietary, cloud-based solutions for real-time tracking, data
analysis and management of corporate assets such as equipment,
devices, vehicles and workers. The Company's asset management
platform works across a variety of networks and devices. Trakopolis
has a diversified revenue stream from many verticals including oil
and gas, forestry, transportation, construction, rentals, urban
services, mining, government and others.
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.
SOURCE Trakopolis IoT Corp.