GUELPH, ON, Dec. 30 /CNW/ - BIOREM Inc. (TSXV:BRM) announces that it has granted options to purchase a total of 190,000 common shares to its senior management in accordance with its stock option plan which was recently amended by the board of directors. The options were granted at an exercise price of $0.48 per share and have an expiry date of ten years ending December 30, 2018. The amendments to the stock option plan approved by the directors are subject to shareholder approval and, accordingly, the option grants will expire if such approval is not obtained.
About BIOREM(R)
BIOREM manufactures Biosorbens(R) biofilter media and is a leading supplier of biofilters for air pollution control in municipal and industrial applications, including BIOCUBE(R) modular units and Mytilus(R) biotrickling filters. With over 500 installed systems and over a decade of experience, the Company's products are the technology of choice for odor control at wastewater treatment plants across North America. Additional information on BIOREM is also available at our web site at www.biorem.biz.
------------------------------------------------------------------------- The TSX Venture Exchange Inc. has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved of the contents of this release.
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