Business
BSM Technologies Appoints Chief Financial Officer and Announces Grant of Stock Options
TORONTO , Jan. 15, 2014 /CNW/ - BSM Technologies Inc. ("BSM" or the "Company") (TSX-V: G...
About this update from Great Plains Metals Corp.
[{"type":"text","content":"\n\n\nTORONTO, Jan. 15, 2014 /CNW/ - BSM Technologies Inc. (\"BSM\" or the\n \"Company\") (TSX-V: GPS), a leading provider of remote monitoring, fleet management, fleet diagnostics and automated vehicle security systems, today announced that Louis De\n Jong has been appointed Chief Financial Officer of the Company.\n\n\n\"Louis brings extensive financial and accounting experience to BSM and\n will play an integral role as we continue to grow the company,\" said\n Aly Rahemtulla, President and Chief Executive Officer of BSM. \"Our\n ability to attract an individual of Mr. De Jong's calibre speaks to the\n growth potential of our telematics business.\"\n\n\nMr. De Jong has over 20 years of experience in the financial and\n investment industries. Mr. De Jong's previous roles include Managing\n Director at Jemekk Capital Management, Head of Canadian Equities at\n Credit Suisse, and Head of Institutional Sales at Sprott Securities.\n Mr. De Jong started his career as an accountant with\n PricewaterhouseCoopers LLP. Most recently Mr. De Jong founded and is\n the Managing Partner at De Jong & Co., a boutique merchant bank engaged\n in principal investment and financial advisory services. Mr. De Jong is\n both a CPA and CA Charterholder, and earned his Economics degree from\n the University of Western Ontario.\n\n\nBSM also announced the grant of 225,000 stock options to Mr. De Jong.\n Each stock option allows Mr. De Jong to acquire a common share of the\n Company at an exercise price of $3.21 for a period of five years,\n subject to vesting requirements. Of the 225,000 stock options, 168,750\n vest immediately, and the remainder will vest evenly six, 12 and 18\n months following January 14, 2014. The Company also announced that on\n December 19, 2013, it granted 100,000 stock options to Mr. Periyalwar,\n the Chief Operating Officer of the Company. Each stock option allows\n Mr. Periyalwar to acquire a common share of the Company at an exercise\n price of $3.12 for a period of five years, subject to vesting\n requirements. Of the 100,000 stock options, 75,000 vested on December\n 19, 2013, and the remainder will vest evenly six, 12 and 18 months\n following December 19, 2013. The Company's common shares closed at\n $3.12 on the TSX Venture Exchange on December 19, 2013.\n\n\nAbout BSM Technologies (bsmwireless.com)\nBSM Technologies...