Graphene 3D Lab Inc. Adopts Fixed Stock Option Plan And Grants Stock Options
August 27, 2014 (Source: Accesswire) — Graphene 3D Lab Inc. (TSXV: GGG) (“Graphene 3D” or the “Company“) announces that it has implemented a new stock option plan, representing a fixed 10% plan, subject to TSX Venture Exchange approval. Under the new plan, the Company is authorized to issue up to 3,916,750 stock options.
In accordance with the stock option plan, the Company has granted incentive stock options to certain directors, officers and consultants to purchase up to an aggregate of 2,075,000 common shares exercisable on or before August 26, 2019 at a price of $1.00 per share.
About Graphene 3D
Graphene 3D is BC company whose common shares are listed on the TSX Venture Exchange, which owns all of the issued and outstanding shares of Graphene 3D Lab (U.S.) Inc. (“Graphene US”), a private Delaware corporation, organized on September 3, 2013. Graphene US is in the business of developing, manufacturing, and marketing proprietary polymer nanocomposite graphene-based materials for various types of 3D printing, including fused filament fabrication as well as the design, manufacture and marketing of three-dimensional printers and products for worldwide customers, including in the aerospace and automotive industries, manufacturers of medical prosthetics and the military. Graphene US currently has two US patent applications pending for its technology. For more information on Graphene 3D Lab, Inc, visit www.graphene3dlab.com
This news release contains “forward-looking information” within the meaning of applicable securities laws. Forward-looking information in this news release includes statements about a stock option plan to be implemented by Graphene 3D.
In connection with the forward-looking information contained in this news release, the Company has made numerous assumptions, regarding, among other things, 2,075,000 stock options to be offered to certain Graphene 3D Lab directors, officers, and consultants, at a price of $1.00 per share. While the Company considers these assumptions to be reasonable, these assumptions are inherently subject to significant uncertainties and contingencies.
Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. Known risk factors include, among others: failure to obtain approval by the TSX Venture Exchange, which may affect the stock option price.
A more complete discussion of the risks and uncertainties facing the Company is disclosed in the Company’s continuous disclosure filings with Canadian securities regulatory authorities at www.sedar.com. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Not for distribution to U.S. newswire services or for dissemination in the United States. ANY FAILURE to comply with this restriction may constitute a violation of U.S. securities laws.
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