July 12, 2016 17:56 ET
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 12, 2016) - International Wastewater Systems Inc. ("IWS" or the "Company") (CSE:IWS)(FRANKFURT:IWI) is pleased to announce that the Board of Directors has approved the issuance of 5,460,000 incentive stock options (the "Options") in accordance with the Company's stock option plan to certain directors, officers, employees and consultants of the Company. Each Option, vesting 20% each six months of service, entitles the holder to purchase one common share of the Company at a price of $0.30 per share, exercisable for 5 years from the date of issuance. The Options and any common shares issued upon exercise will be subject to a four-month resale restriction from the date of grant. The Options replace the previously issued options which were announced in December 2015 and cancelled in June 2016.
ON BEHALF OF THE BOARD
Lynn Mueller, Chairman and Chief Executive Officer
About International Wastewater Systems Inc.
International Wastewater Systems Inc. (CSE:IWS)(FRANKFURT:IWI) is a world leader in wastewater heat recovery. IWS systems recycle thermal energy from wastewater, generating the most energy efficient and economical systems for heating, cooling & hot water for commercial, residential and industrial buildings.
The CSE does not accept responsibility for the adequacy or accuracy of this release.
International Wastewater Systems Inc.Yaron ConfortiCFO and Director(416) 716-8181
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