Catch the Wind Grants Stock Options
November 22 2011 - 4:00PM
PR Newswire (Canada)
CHANTILLY, VA, Nov. 22, 2011 /CNW/ - Catch the Wind Ltd. ,
providers of laser-based wind sensor products and technology, today
announced that on November 14, 2011 it granted 100,000 stock
options to Dr. Jo Major, Jr. in his capacity as Chairman of the
Company. The options are exercisable at a price of CDN$0.16 per
share. One quarter of the options vest on the first
anniversary of the date of grant, with 1/36th of the remaining
grant vesting each month over the subsequent 36 months. The expiry
date of the options is November 14, 2021. About Catch the Wind Ltd.
Catch the Wind Ltd. is a high-growth technology company
headquartered in Chantilly, Virginia. The company was founded in
2008 to develop and manufacture the Vindicator® laser wind sensor.
Catch the Wind serves the commercial market sector for laser based
wind sensor systems, recognized as the "gold standard" in wind
measurement. The Company is focused on becoming a major
contributor in making clean, renewable wind energy more affordable
and profitable. For more information, please visit
www.catchthewindinc.com and follow us at
www.twitter.com/Catchthewindinc. Forward-Looking Information This
news release includes certain forward-looking statements within the
meaning of Canadian securities laws. Forward-looking statements
involve risks, uncertainties and other factors that could cause
actual results, performance, prospects and opportunities to differ
materially from those expressed in such forward-looking statements.
Forward-looking statements in this news release, include, but are
not limited to, economic performance and future plans and
objectives of Catch the Wind. Any number of important factors could
cause actual results to differ materially from these
forward-looking statements as well as future results. Although
Catch the Wind believes that the assumptions and factors used in
making the forward-looking statements are reasonable, undue
reliance should not be placed on these statements, which only apply
as of the date of this news release, and no assurance can be given
that such events will occur in the disclosed timeframes or at all.
Catch the Wind disclaims any intention or obligation to update or
revise any forward-looking statement, whether as a result of new
information, future events or otherwise. 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. Catch
the Wind Ltd. CONTACT: Catch the Wind Ltd. TMX EquicomClaudia
Jaques Philip DaleVice President and General Counsel Investor
Relations703-956-6554 416-815-0700 ext.
253cjaques@catchthewindinc.com pdale@equicomgroup.com
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