MONTREAL, QUEBEC -- (Marketwired) -- 03/12/15 -- ThermoCeramix Corporation ("ThermoCeramix" or the "Company") (TSX VENTURE: TCX), a technology-licensing company engaged in the development of high-performance, energy-efficient electric heating solutions, announced today that it has granted 200,000 stock options ("Options") to the Company's newly appointed Chief Financial Officer.
Each Option is exercisable for one common share of the Company at a price of $0.53 per share for a period of ten years from the date of grant. The Options are governed by the stock option plan of the Company and will vest over a four year period with 25% of the Options vesting upon the first anniversary of the date of grant and the balance of the Options vesting in 36 equal monthly installments thereafter.
The grant of the Options remains subject to TSX Venture Exchange approval.
For additional information regarding the Company's newly appointed Chief Financial Officer please see the Company's press release regarding same dated March 2, 2015 filed under the Company's SEDAR profile at www.sedar.com.
About ThermoCeramix
ThermoCeramix Corporation (TSX VENTURE: TCX) is a technology-licensing company engaged in the development of high-performance, energy-efficient electric heating solutions. The Company's patented and proprietary TCX™ heating technology uses thermally sprayed heaters applied as a coating directly to almost any profile and material that requires heat. The technology is energy-efficient, scalable, and adaptable to almost any size and shape. The Company holds a strong and broad intellectual property portfolio of over 25 patents. The Company's strategy is to commercialize one application of its technology platform through the development, production and sales of a unique electric indoor-outdoor grill, then license the technology for numerous additional consumer, commercial & industrial applications. For more information, please visit the Company's web site at www.thermoceramix.com.
Caution Regarding Forward Looking Information
Certain information set forth in this press release may contain "forward-looking statements" or "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein may constitute forward-looking statements. Any such forward-looking statements may be identified by words such as "will", "expects", "anticipates", "contemplates", "believe", "projects", "plans", "to be" and similar expressions. Any such statements are not guarantees of future performance and undue reliance should not be placed on them. Any such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. There can be no assurance that any such forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. For more information relating to risks which may cause the Company's actual results to be different from expected and historical results, please see the Company's "Filing Statement" dated March 26, 2014 filed under the Company's SEDAR profile at www.sedar.com.
Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
ThermoCeramix Corporation
Louis Desmarais
Chief Executive Officer
(450) 641-5461 ext. 5651
ldesmarais@thermoceramix.com
www.thermoceramix.com
