CALGARY, ALBERTA--(Marketwired - Jan. 31, 2014) -
NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Seair Inc. (the "Corporation") (TSX VENTURE:SDS) announced today that, pursuant to its Stock Option Plan, it intends to grant incentive stock options to certain directors, officers, employees and consultants of the Corporation to purchase up to an aggregate of 3,225,000 common shares in the capital stock of the Corporation. The incentive stock options are exercisable at a price of $0.15 per share, except for the 750,000 incentive stock options to be issued to Seair's incoming CEO, which shall be issued at the TSX Venture Exchange closing price on the business day prior to the commencement date of his employment. The incentive stock options will expire on January 30, 2019.
The grant of incentive stock options is subject to receipt of all requisite regulatory approvals, including, without limitation, the approval of the TSX Venture Exchange.
Seair Inc. (TSX VENTURE:SDS) is a Calgary based cleantech company. Seair has commercialized proprietary technology that can diffuse gases, such as oxygen, ozone and carbon dioxide, into liquids more effectively and with lower power consumption than the competition. Seair's patented technologies can produce micron size bubbles that are more efficient than other diffusion technologies because the diffused gases remain in solution for extended periods of time, leading to increased productivity and lower operating costs. Seair has been working with customers in the oil and gas industry for over five years.
Seair applications include oil sands SAGD water solutions, frac and produced water treatment, industrial ponds treatment, mine dewatering/treatment, end-to-end sewage treatment for permanent residential communities and remote work camps, golf course irrigation and pond treatment and most recently, industrial emissions treatment. Parties interested in obtaining further information or receiving news releases and corporate documents from Seair may email such requests to firstname.lastname@example.org or visit the Seair website at www.seair.ca.
Seair is proud to be recognized as one of the Top 5 Cleantech companies in the TMX 2012 Venture 50.
Neither the 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 news release.