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LOX Lorex Technology

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Share Name Share Symbol Market Type
Lorex Technology TSXV:LOX TSX Venture Common Stock
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  0.00 0.00% 0 -

LOREX Announces Grant of Stock Options

18/09/2011 9:12pm

PR Newswire (Canada)


Lorex Technology (TSXV:LOX)
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TORONTO, Sept. 19, 2011 /CNW/ - LOREX Technology Inc. (the "Company") announced today that it has granted a total of 1,190,000 incentive stock options to a number of its directors, officers and employees.  Each such option is exercisable into one common shares within a period of five years from the date of grant at an exercise price of $0.55.  All of the above-referenced options vest immediately upon grant.   About LOREX Technology Inc.: LOREX provides businesses and consumers with leading edge video surveillance security solutions and sells its products under the LOREX and Digimerge brands. The LOREX brand, which caters to both small business and consumer markets, is available in thousands of retail locations across North America and in the UK. The Digimerge division distributes its products through major distributors in North America. Both brands concentrate on the sale of wired, wireless and IP security surveillance equipment including cameras, digital video recorders and all-in-one systems.  LOREX subsidiaries include; LOREX Canada Inc., LOREX Corporation and Strategic Vista Corporation Limited, Hong Kong. NEITHER 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.  LOREX Technology Inc. CONTACT: Reuben KleinPresident & CEOLOREX Technology Inc.Phone: (905) 946-8589 ext 120reuben.klein@lorexcorp.comwww.lorextechnology.com

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