CEMATRIX Corporation
TSX VENTURE : CVX

CEMATRIX Corporation

October 23, 2014 09:25 ET

CEMATRIX Grants Incentive Options to Directors, Employees and Consultants

CALGARY, ALBERTA--(Marketwired - Oct. 23, 2014) - CEMATRIX Corporation (TSX VENTURE:CVX) (the "Corporation") has granted incentive stock options to officers, employees and a consultant of the Corporation for the purchase of a total of 1,740,000 common shares at an exercise price of $0.24 per share for a period of five years from the date of the grant. The stock options have been granted pursuant to the Corporation's 10% rolling stock option plan and will vest as to one third starting at the date of the grant and one third at the next two anniversaries of the date of the grant. Following the stock option grant, the Corporation will have a total of 3,090,000 stock options outstanding.

CEMATRIX is an Alberta corporation with its head offices 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.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.

Contact Information

  • CEMATRIX Corporation
    Jeff Kendrick
    President and Chief Executive Officer
    (403) 219-0484

    The Howard Group
    Jeff Walker
    Investor Relations
    (888) 221-0915 or (403) 221-0915
    jeff@howardgroupinc.com

    The Howard Group
    Brad Dryer
    Investor Relations
    (888) 221-0915 or (403) 221-0915
    brad@howardgroupinc.com