Solegear Bioplastics Inc.

Solegear Bioplastics Inc.

July 16, 2015 08:00 ET

Solegear Announces Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 16, 2015) - Solegear Bioplastic Technologies Inc. (the "Company") (TSX VENTURE:SGB) announces that on July 16, 2015, it granted options to purchase 500,000 common shares to Paul Antoniadis, its director and interim CEO, options to purchase 200,000 common shares to each of Michel Labonte, its Chief Technology Officer and Noel Harvey, its VP, Business Development, and options to purchase 75,000 common shares to each of Michael Thomson and Jim Zadra, who are members of Solegear's board.

The options granted are exercisable for ten years at an exercise price of $0.195 CDN, being the most recent closing price of the Company's common shares on the TSX Venture Exchange prior to the date of grant, and are subject to the terms and conditions of the Company's stock option plan, a stock option agreement on the Company's standard form, and the approval of the TSX Venture Exchange. One-quarter of each of the options will vest on the one-year anniversary of the date of grant and the balance will vest in equal monthly installments over the following 36 months.

About Solegear Bioplastic Technologies Inc.

Solegear Bioplastic Technologies Inc., based in Vancouver, British Columbia, is an innovator in the field of next-generation plastics. The Company is an advanced materials firm that engineers, produces and distributes high-performance bioplastics (bioplastics are a category of plastics that are bio-based, compostable, or both). Founded in 2006, Solegear has developed, and is commercializing, proprietary bioplastics technologies that utilize annually renewable plant-based ingredients formulated using green chemistry, to address the growing North American market opportunity for rigid consumer packaging and durable plastic goods.

On behalf of the Company:

Paul Antoniadis, Chief Executive Officer and Director

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

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