Bluemetric Environmental, Inc. (TSXV:SET)
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OTTAWA, Aug. 19, 2011 /CNW/ --
OTTAWA, Aug. 19, 2011 /CNW/ - Seprotech Systems Incorporated (TSX-V:
SET) ("Seprotech" or the "Company") announces that it has granted a
total of 3,415,000 stock options, including 2,100,000 options to
directors, and the balance to consultants, officers and employees of
the Company. The stock options are exercisable into common shares of
Seprotech at an exercise price of $0.10 per share for a period of five
years.
Seprotech currently has 50,321,926 common shares issued and outstanding,
and under the Company's Employee Share Option Plan a maximum of
7,000,000 common shares are available to be issued pursuant to the
exercise of options at this time. Including this grant of 3,415,000
options, a total of 5,405,000 common shares have been reserved for
issuance pursuant to outstanding option grants. There remain available
1,595,000 more shares for future option grants.
About Seprotech:
Seprotech is a provider of pre-engineered water and wastewater treatment
solutions to the municipal/land development, resource sector and
military market place, including Reverse Osmosis water purification
systems, ROTORDISK® biological sewage treatment package plants and
CrystalBlue™ membrane-based water recycling systems.
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.
The TSX Venture Exchange has neither approved nor disapproved of the
information contained herein.
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/19/c5009.html
p Mr. Ian W. Malone, CFObr/ Tel: (613) 523-1641br/ Fax: (613) 731-0851 /p