VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 6, 2017) - Targeted Microwave Solutions Inc. (TSX VENTURE:TMS)(OTCQX:TGTMF)(FRANKFURT:A2ACNT) ("TMS" or the "Company") announced today that it has granted options to purchase 2,183,000 common shares of the Company (the "Options"), exercisable on or before January 5, 2022, with an exercise price of $0.33 per share, to certain directors and officers of the Company, pursuant to the Company's long-term performance incentive plan (the "Plan"). The granting of such Options is subject to regulatory approvals and, in the case of certain of the Options, shareholder approval at the next annual general meeting of the Company in respect of an increase in the maximum number of shares that may be reserved for issuance under the Plan.
On behalf of the Board of Directors,
Dr. James Young, Chief Executive Officer and Chairman
About Targeted Microwave Solutions Inc.
Targeted Microwave Solutions Inc. is a clean technology company that designs and builds large scale microwave reactors to dry and process industrial materials. The technology is more efficient, requires significantly lower capital expenditures and is more environmentally friendly than traditional fossil fuel-based drying technologies. TMS' reactors are designed to be fully automated, require less maintenance, occupy a much smaller footprint and dry more product in less time than conventional counterparts.
The Company's R&D and commercial demonstration plant in King William, Virginia is strategically located near several major industrial clay and biofuel manufactures. The marketing and testing facility in Shanghai, China collects and analyzes material samples from nearby coal power plants and coal mines. The Company is a reporting issuer in Canada and is listed on the following stock exchanges: (TSX VENTURE:TMS)(FRANKFURT:A2ACNT)(OTCQX:TGTMF)
For further information, please visit www.tmsenergy.com or review the Company's public disclosure filing on www.sedar.com.
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