JEMTEC CEO Exercises Options

JEMTEC CEO Exercises Options

Canada NewsWire

VANCOUVER, April 15, 2019

TSX-V: JTC

VANCOUVER, April 15, 2019 /CNW/ - JEMTEC Inc. (TSX-V: JTC) (the "Company") announces that Eric Caton, the President and CEO (CEO) had exercised an option to purchase 70,610 shares of JEMTEC stock.

The exercise is pursuant to the Company's 2005 Plan under which the Board of Directors may, from time to time, grant options to directors, officers, employees and consultants of the Company. Each option entitles the holder to acquire one common share of the Company at such price and on such terms as determined by the Board. The Options exercised by the CEO were granted on December 3rd 2015 at an exercise price of $0.345 and were fully vested on June 03, 2017. Following the transaction the CEO owns 22.90% of Jemtec's common stock.

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Jemtec Inc.

View original content: http://www.newswire.ca/en/releases/archive/April2019/15/c1796.html

Copyright CNW Group 2019