Business
Ecolomondo Announces the Grant of Stock Options to Purchase 2,250,000 Common Shares
(via TheNewswire) Montreal - TheNewswire - February 14, 2020 Ecol...
About this update from Ecolomondo Corporation
[{"type":"text","content":"Ecolomondo Announces the Grant of Stock Options to Purchase 2,250,000 Common Shares(via TheNewswire)\n \n \nMontreal - TheNewswire - February 14, 2020 Ecolomondo Corporation (TSXV:ECM) (the \"Company\" or \"Ecolomondo\") announces that pursuant to the Company's Stock Option Plan, the Company has granted stock options (the \"Options\") to certain directors, officers and employees to purchase an aggregate of 2,250,000 common shares (the \"Optioned Shares\") of the Company at an exercise price of $0.30 per Optioned Share for a period of ten years. Subsequent to the grant of such Options, an aggregate amount of 2,384,039 common shares of the Company remains available for issuance under the Company's stock option plan, as approved by the shareholders of the Company during the last Company's annual general meeting held on May 29, 2019.\n\n \n \n\n\n\n \nAbout Ecolomondo Corporation\n\n \n \nEcolomondo is a cleantech Canadian company that is commercializing its waste-to-products technology. The Thermal Decomposition Process (\"TDP\") converts hydrocarbon waste into marketable commodity end-products, namely carbon black substitute, oil, gas and steel. Technologies such as Ecolomondo's are expected to play an important role in resource recovery needed in today's circular economy. \n\n \n \nManagement believes that technological breakthroughs in areas of emissions, process optimization, automation, end-product processing and safety, position Ecolomondo to become an industry leader. \n\n \n \nThe Company's main revenues will come from the sale of TDP turnkey facilities and royalties from their operations. TDP facilities will generate revenues from the sale of end-products, tipping fees and carbon credits. Ecolomondo's first focus is to market TDP turnkey facilities that use scrap tires as a feedstock, because scrap tires yield end-products with a higher commercial value, especially the recycled carbon black.\n\n \n \nCautionary Note Regarding Forward Looking Statements \n\n \n \nThe information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a var...