Business
BluMetric Announces Grant of Stock Options
OTTAWA , Oct. 11, 2013 /CNW/ - BluMetric Environmental Inc. (TSX-V: BLM; "BluMetric" or th...
About this update from Blumetric Environmental Inc.
[{"type":"text","content":"\n\n\nOTTAWA, Oct. 11, 2013 /CNW/ - BluMetric Environmental Inc. (TSX-V: BLM;\n \"BluMetric\" or the \"Company\") announces that it has granted a total of\n options for 1,724,400 common shares, comprising options for 263,750\n common shares to directors of the Company, options for 252,500 common\n shares to officers of the Company, and the balance to employees and\n consultants of the Company. The  options vest over three years, and are\n exercisable into common shares of BluMetric at a price of $0.50 per\n share for a period of five years.\n\n\nBluMetric currently has 25,191,656 common shares issued and outstanding,\n and under the Company's Employee Share Option Plan a maximum of\n 3,200,000 common shares are available to be issued pursuant to the\n exercise of options at this time. Including this grant of options for\n 1,724,400 common shares, a total of 2,180,900 common shares have been\n reserved for issuance pursuant to outstanding option grants. There are\n 1,019,100 common shares remaining available for issuance at this time\n with respect to future option grants.\n\n\nAbout BluMetric\nBluMetric is an integrated product and service organization providing\n sustainable solutions to complex environmental issues in Canada and\n abroad.  The Company serves clients in many industrial sectors, and at\n all levels of government, both domestically and internationally.\n\n\nBluMetric operates through two divisions:\n\n\n\na professional services division focussed on environmental earth\n sciences and engineering, contaminated site remediation, water resource\n management, industrial hygiene, occupational health & safety, and\n renewable energy.  This division operates under the names \"WESA\",\n \"Envir-Eau\", and \"OEL-HydroSys\"\n\n\n\n\na water division providing both design-build and pre-engineered product\n solutions to clients' water and wastewater treatment needs.  This\n division operates under the names \"WESAtech\" and \"Seprotech\".\n\n\n\nMore information can be obtained at www.blumetric.ca\n\n\nForward-looking Statements \nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in the policies of the TSX Venture Exchange)\n accepts responsibility for the adequacy or accuracy of this release.\n The TSX Venture Exchange has neither approved nor disapproved of...