LOS ANGELES, Dec. 18, 2018 (GLOBE NEWSWIRE) — California Nanotechnologies Corp. (TSXV:CNO) (OTCQB:CANOF) (“Cal Nano” or the “Company”) is pleased to announce that it has granted 835,000 incentive stock options to the employees, directors and officers of the Company. The options were granted pursuant to the Company’s Stock Option Plan, which received shareholder approval at a Board of Directors Meeting held on December 13, 2018. The options were granted at the exercise price of $0.05 per share which was the closing price on December 17, 2018. The stock options will vest over three years, expire after a five year period and are subject to TSX Venture Exchange requirements.
The options granted include those in the table below:
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The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.
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