TSX-V: JTC
VANCOUVER, April 15, 2019 /CNW/ - JEMTEC Inc. (TSX-V: JTC)
(the "Company") announces that Eric
Caton, the President and CEO (CEO) had exercised an option
to purchase 70,610 shares of JEMTEC stock.
The exercise is pursuant to the Company's 2005 Plan under which
the Board of Directors may, from time to time, grant options to
directors, officers, employees and consultants of the Company. Each
option entitles the holder to acquire one common share of the
Company at such price and on such terms as determined by the Board.
The Options exercised by the CEO were granted on December 3rd 2015 at an exercise price
of $0.345 and were fully vested on
June 03, 2017. Following the
transaction the CEO owns 22.90% of Jemtec's common stock.
FORWARD-LOOKING STATEMENTS
This news release contains forward-looking statements, which
relate to future events or future performance and reflect
management's current expectations and assumptions. Such
forward-looking statements reflect management's current beliefs and
are based on assumptions made by and information currently
available to the Company. Investors are cautioned that these
forward looking statements are neither promises nor guarantees, and
are subject to risks and uncertainties that may cause future
results to differ materially from those expected. These
forward-looking statements are made as of the date hereof and,
except as required under applicable securities legislation, the
Company does not assume any obligation to update or revise them to
reflect new events or circumstances.
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 release.
SOURCE Jemtec Inc.