Excellium Inc.

Excellium Inc.

August 22, 2012 11:13 ET

Excellium Inc. Grants Stock Options

MONCTON, NEW BRUNSWICK--(Marketwire - Aug. 22, 2012) - Excellium Inc. (TSX VENTURE:XLM) (the "Corporation " or " Excellium"), announces that it has granted effective today an aggregate of 1,500,000 options to acquire common shares of the Corporation to its directors and officers and to certain of its employees. All options have an exercise price of $0.12, will vest immediately and will expire on August 22, 2017.

As part of the options granted today, 200,000 options were granted to the Chair of the Board, 150,000 options were granted to the Chair of each of the three committees of the Board and 100,000 options were granted to the other Board member. The President and Chief Executive Officer received 200,000 options and each of the Interim Chief Financial Officer, the Vice-President, Business Development and Special Projects, the Vice-President, Security and Identity and the Vice-President, Administration and Secretary received 100,000 options.

Excellium is a security company specialized in biometrics identity systems and proactive security management and in the integration of security products for the institutional and industrial markets. Excellium is active in two distinct but complementary lines of business: electronic security, which includes security management, access control and video surveillance, and electronic identification, comprising background checks and biometric identification. Further information about the Corporation may be found on its website at www.excellium.ca.

Excellium continuous disclosure filings are available on SEDAR at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has in any way approved or disapproved of the contents of this press release.

Contact Information

  • Excellium Inc.
    Jean-Claude Siew
    President and CEO
    (514) 798-8899