CEMATRIX Corporation
TSX VENTURE : CVX

August 13, 2008 12:06 ET

CEMATRIX Corporation Announces Grant of Stock Options

CALGARY, ALBERTA--(Marketwire - Aug. 13, 2008) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation") is pleased to announce the grant of 150,000 stock options to each of the following directors: Robert L. Benson, Patrick Norman Breen, Stephen Bjornson and Dan Koyich. The stock options permit each individual to purchase common shares of the Corporation at an exercise price of $0.30 per common share, for a period of five (5) years from the date of issuance. One third of the options will vest immediately, with a further one third to vest on the 13th day of August in each of 2009 and 2010.

CEMATRIX is an Alberta corporation with its head office in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils.

Forward-looking statements: Except for statements of historical fact, all statements in this news release, without limitation, regarding new projects, acquisitions, future plans and objectives are forward-looking statements which involved risks and uncertainties. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this News Release.

Contact Information

  • CEMATRIX Corporation
    Jeffrey Kendrick
    President and C.E.O.
    (403) 219-0484