MATRRIX Issues Stock Options

CALGARY, April 9, 2019 /CNW/ - MATRRIX Energy Technologies Inc. ("MATRRIX" or the "Corporation") (TSX-V: MXX) announced that it has issued 3,835,000 stock options to certain executive officers, directors, and employees of the Corporation in accordance with Matrrix's shareholder approved stock option plan. The stock options are exercisable at a price equal to the closing price of Matrrix's common shares on the TSX Venture Exchange on April 8, 2019, expire in five years and vest as to one-quarter upon the date of grant and as to one-quarter on each subsequent anniversary of the date of grant. Of the 3,835,000 stock options granted, a total of 2,100,000 were issued to directors and officers. As of the date of this press release, the total number of outstanding stock options is 6,489,480.

ADVISORY

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 MATRRIX Energy Technologies Inc.

Copyright 2019 Canada NewsWire