Naturally Advanced Technologies Inc. (TSXV:NAT)
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VANCOUVER AND PORTLAND, OR, Aug. 19, 2011 /CNW/ --
VANCOUVER AND PORTLAND, OR, Aug. 19, 2011 /CNW/ - Naturally Advanced
Technologies Inc., (NAT) (OTCBB: NADVF, TSXV: NAT), granted a total of
1,060,000 incentive stock options at an exercise price of
CDN$2.74/US$2.77 per share (the "Options"). 990,000 Options have been
granted to certain directors, officers, employees and consultants of
NAT. NAT also granted 35,000 Options to each of Rick Anguilla and
Meredith Chase, the principals of Guidance Counsel. Guidance Counsel
is responsible for NAT's investor relations activities pursuant to an
Investor Relations Agreement dated August 6, 2010 and approved by the
TSXV on November 16, 2010.
Standard compliance procedures of the TSX Venture Exchange require press
release notice of the grant.
The stock options are subject to vesting provisions and the terms and
conditions of the company's 2010 Fixed Share Option Plan (reserving
7,057,640 shares). The options carry a five-year term and expire on
August 19, 2016.
Naturally Advanced Technologies Inc.
Naturally Advanced Technologies Inc. develops renewable and
environmentally sustainable biomass resources from flax, hemp and other
bast fibers. The Company, through its wholly owned subsidiary, CRAiLAR®
Fiber Technologies Inc., has developed proprietary technologies for
production of bast fibers, cellulose pulp, and their resulting
by-products in collaboration with Canada's National Research Council.
CRAiLAR technology offers cost-effective and environmentally
sustainable processing and production of natural, bast fibers resulting
in increased performance characteristics for use in textile,
industrial, energy, medical and composite material applications. The
Company was founded in 1998 as a provider of environmentally friendly,
socially responsible clothing. For more information, visit www.naturallyadvanced.com.
Neither the TSX Venture Exchange Inc. 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.
Forward-Looking Statement Disclaimer
This news release includes certain statements that may be deemed
"forward-looking statements". All statements in this news release,
other than statements of historical facts, are forward-looking
statements. Forward-looking statements or information are subject to a
variety of risks and uncertainties which could cause actual events or
results to differ from those reflected in the forward-looking
statements or information and including, without limitation, risks and
uncertainties relating to: any market interruptions that may delay the
trading of the Company's shares, technological and operational
challenges, needs for additional capital, changes in consumer
preferences, market acceptance and technological changes, dependence on
manufacturing and material supplies providers, international
operations, competition, regulatory restrictions and the loss of key
employees. In addition, the Company's business and operations are
subject to the risks set forth in the Company's most recent Form 10-K,
Form 10-Q and other SEC filings which are available through EDGAR at www.sec.gov. These are among the primary risks we foresee at the present time. The
Company assumes no obligation to update the forward-looking statements.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/19/c4885.html
p bMedia Contact:/bbr/ Ryan Leverenzbr/ Lew Leverenz Associatesbr/ (415) 999-1418br/ a href="mailto:ryan.leverenz@gmail.com"ryan.leverenz@gmail.com/a /p p bInvestor Contact:/bbr/ Rick Anguillabr/ Guidance Counselbr/ (503) 820-3565br/ a href="mailto:ir@naturallyadvanced.com"ir@naturallyadvanced.com/a /p p bCorporate Officer:/bbr/ Guy Prevostbr/ CFObr/ (866) 436.7869 /p