Covalon Technologies Ltd.

Covalon Technologies Ltd.

August 08, 2006 07:00 ET

Covalon Technologies Ltd.: Press Release

TORONTO, ONTARIO--(CCNMatthews - Aug. 8, 2006) - On August 4, 2006, the board of directors of Covalon Technologies Ltd. (TSX VENTURE:COV) granted 875,000 options to purchase common shares to certain of its directors, officers, employees and consultants. The options have an exercise price of $0.50 per share with a vesting period of two years, on a quarterly schedule, or 12.5% per quarter and expire on the third anniversary of the date of grant.

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Covalon Technologies Ltd.
    William Jackson
    Chief Financial Officer
    (905) 568-8400
    (905) 568-5200 (FAX)