Business
Ecolomondo Announces the Grant of Stock Options to Purchase 2,150,000 Common Shares
(TheNewswire) Montreal – TheNewswire - December 23, 2021 E...
About this update from Ecolomondo Corporation
[{"type":"text","content":"Ecolomondo Announces the Grant of Stock Options to Purchase 2,150,000 Common Shares\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n Montreal –\n \n \n TheNewswire\n-\n \n \n December 23, 2021\n \n \n Ecolomondo Corporation (\n \n \n TSXV:ECM\n \n \n )\n \n \n (the\n“\n \n \n Company\n \n \n ” or “\n \n \n Ecolomondo\n \n \n ”) announces that pursuant to the\nCompany's Stock Option Plan, the Company has granted on December\n20,2021, stock options (the \"\n \n \n Options\n \n \n \") to\ncertain directors, officers and employees to purchase an aggregate of\n2,070,000 common shares (the “\n \n \n Optioned Shares\n \n \n ”) of the Company at an\nexercise price of $0.37 per Optioned Share for a period of ten years\nfrom the date of grant. Subsequent to the grant of such Options, an\naggregate amount of 3,520,039 common shares of the Company remains\navailable for issuance under the Company’s stock option plan, as\nre-approved by the shareholders of the Company during the last\nCompany’s annual general meeting held on June 21, 2021.\n \n \n \n \n About Ecolomondo Corporation\n \n \n \n \n Ecolomondo is a cleantech Canadian company that is\ncommercializing its waste-to-products technology. The Thermal\nDecomposition Process (“\n \n \n TDP\n \n \n ”) converts hydrocarbon waste into\nmarketable commodity end-products, namely carbon black substitute,\noil, gas and steel. Technologies such as Ecolomondo’s are expected\nto play an important role in resource recovery needed in today’s\ncircular economy.\n \n \n \n \n The Company’s main revenues will come from the sale\nof TDP turnkey facilities and royalties from their operations. TDP\nfacilities will generate revenues from the sale of end-products,\ntipping fees and carbon credits. Ecolomondo’s first focus is to\nmarket TDP turnkey facilities that use scrap tires as a feedstock,\nbecause scrap tires yield end-products with a higher commercial value,\nespecially the recycled carbon black.\n \n \n \n \n Management believes that technological breakthroughs in\nareas of emissions, process optimization, automation, end-product\nprocessing and safety, position Ecolomondo to become an industry\nleader in the resource recovery of hydrocarbon waste.\n \n \n \n \n Cautionary Note Regarding For...