EDMONTON, ALBERTA--(Marketwired - Feb. 21, 2014) - Wavefront Technology Solutions Inc. (Wavefront or the Corporation, (TSX VENTURE:WEE)(OTCQX:WFTSF) a leading provider of fluid injection processes primarily for mature field revitalization (Enhanced Oil Recovery or "EOR") as well as oil and gas well stimulation is pleased to announce the re-election of Brett Davidson, D. Brad Paterson, Mark Bernard, Roger Kazanowski, Dennis Minano, and Steven Percy to the Company's board of directors.
The Company also announces that it will file, in accordance with TSX Venture Exchange policy, a Summary Form disclosing the granting of an aggregate of 825,000 incentive stock options to the directors of the Company pursuant to the Wavefront's Stock Option Plan. The options will be exercisable at $0.315 per share, or other such other price as allowed by the TSX Venture Exchange, for a period of five years. In accordance with Wavefront's Stock Option Plan and Exchange policy, the incentive stock options are subject to a hold period of 4 months and vesting period of 18 months.
ON BEHALF OF THE BOARD OF DIRECTORS
WAVEFRONT TECHNOLOGY SOLUTIONS INC.
D. Brad Paterson, CFO & Director
Wavefront is a technology based world leader in fluid injection technology for improved/enhanced oil recovery and groundwater restoration. Wavefront publicly trades on the TSX Venture Exchange under the symbol WEE and on the OTCQX under the symbol WFTSF. The Company's website is www.onthewavefront.com.
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