SOURCE: Novra Technologies Inc.

Novra Technologies Inc.

June 28, 2017 18:00 ET

Novra Announces Stock Option Grant

WINNIPEG, MB--(Marketwired - June 28, 2017) - Novra Technologies Inc. ("Novra") (TSX VENTURE: NVI) today announced that it has entered into a formal employment agreement with its CFO, Steven Archambault. In accordance with this employment agreement, the Board of Directors approved the grant of 300,000 stock options to Steven Archambault under the 2017 Stock Option Plan. Each option is exercisable into voting common shares of Novra at an exercise price of $0.12 once vested. The vesting period for this grant will be over five years in accordance with the 2017 Stock Option Plan, starting with 20% on December 31, 2017, and 20% annually thereafter. These options will expire seven years from the grant date.

About Novra Technologies Inc.:

Novra (TSX VENTURE: NVI) is an international technology provider of products, systems and services for the distribution of multimedia broadband content. Novra's applications focus includes: broadcast video and radio, digital cinema, digital signage, and high-speed applications. For more information visit: www.novragroup.com

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

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