TORONTO, Jan. 2 /CNW/ - SonnenEnergy Corp. ("SonnenEnergy") (TSX-V: PWR), a leading photovoltaic solar power systems integrator and solar power producer, today announced that it has granted incentive stock options to its two new directors, its new Chief Financial Officer ("CFO") and one of its consultants to acquire an aggregate of 1,300,000 common shares of SonnenEnergy at a price of $0.50 per share. This exercise price is equal to the per Unit price paid by the investors of SonnenEnergy's recently completed public offering by prospectus (see November 28, 2007 news release filed on SEDAR); each option is exercisable at any time until January 2, 2013 subject to certain vesting requirements.
SonnenEnergy has also cancelled all of the 150,000 options to acquire its common shares previously granted to its former CFO, none of which options had vested.
About SonnenEnergy
SonnenEnergy Corp. is a solar power systems integrator and solar power producer. The company markets, sells, designs, installs, operates, and maintains grid-connected solar power systems and has installed more than 100 photovoltaic (PV) solar power commercial and residential systems since 2004. Its European operations are headquartered in Polling, Germany and it operates four solar parks in southern Germany (three that it built and maintains for commercial customers and one that it operates for its own account) which have total installed capacity of more than 4,000 kWp.
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