CALGARY, AB, Oct. 8, 2021 /CNW/ - Eguana Technologies Inc.
("Eguana" or the "Company") (TSXV: EGT) (OTCQB: EGTYF), announced
today that the board of directors has granted incentive stock
options to acquire up to an aggregate of 4,560,000 common shares.
Of the options granted, 3,425,000 have been granted to directors
and executives of the Company at a strike price of $0.40 per share, with the remainder to employees
at a strike price of $0.275 per
share.
"We are happy to grant these options to the team as they
continue to execute under difficult global circumstances while
aligning senior management with shareholders that participated in
our March Special Warrant financing" commented Eguana CEO
Justin Holland. "The momentum from
June has carried through September and all aspects of the business
are ramping up."
The incentive stock options represent the 2021 annual grant. The
options vest in three equal tranches with the first tranche to vest
September 17, 2022 and the remainder
over two years with an expiry of September
17, 2031. The grant of the options is subject to the terms
of the Stock Option Plan and the approval of the TSX Venture
Exchange.
About Eguana Technologies Inc.
Based in Calgary, Alberta Canada, Eguana Technologies
(EGT: TSX.V) (OTCQB: EGTYF) designs and manufactures high
performance residential and commercial energy storage systems.
Eguana has two decades of experience delivering grid edge power
electronics for fuel cell, photovoltaic and battery applications,
and delivers proven, durable, high quality solutions from its high
capacity manufacturing facilities in Europe and North
America and Australia.
With thousands of its proprietary energy storage inverters
deployed in the European and North American markets, Eguana is one
of the leading suppliers of power controls for solar
self-consumption, grid services and demand charge applications at
the grid edge.
To learn more, visit www.EguanaTech.com or follow us on
Twitter @EguanaTech
Forward Looking Statements
Certain information in
this news release constitutes forward-looking statements and
forward-looking information (collectively, the "forward-looking
statements") within the meaning of Canadian securities laws, and is
subject to numerous risks, uncertainties and assumptions, many of
which are beyond the Company's control. This forward-looking
information includes, among other things, information with respect
to: the Debentures and the Conversion and the expected effects
thereof; TSXV approval of the Debt Settlement and the Outstanding
Debentures. Agreements and issuance of the Accrued Interest Shares
to the Electing Holders. The words "may", "could", "should",
"would", "suspect", "outlook", "believe", "anticipate", "estimate",
"expect", "intend", "plan", "target" and similar words and
expressions are used to identify forward-looking information. The
results or events anticipated or predicted in such forward-looking
information may differ materially from actual results or events.
Material factors which could cause actual results or events to
differ materially from such forward- looking information include,
among others: the value of the total Debentures outstanding on the
Conversion Date; the number of Common Shares issued by the Company
as a result of the Conversion; the amount of interest payments that
would have been payable if the outstanding Debentures were held
until maturity; the TSXV may not approve the Debt Settlement
Agreements and issuance of the Accrued Interest Shares to the
Electing Holders; the Company may not force the conversion of the
Outstanding Debentures into Common Shares and the uncertainty
surrounding the spread of COVID-19 and the impact it will have on
the Company's operations and economic activity in general, and the
risks and uncertainties discussed in our most recent annual and
quarterly reports filed with the Canadian securities regulators and
available on the Company's profile on SEDAR at www.sedar.com, which
risks and uncertainties are incorporated herein by reference.
Readers are cautioned not to place undue reliance on
forward-looking statements. Except as required by law, the Company
does not intend, and undertakes no obligation, to update any
forward-looking statements to reflect, in particular, new
information or future events. The Company cautions that the
foregoing list of material factors is not exhaustive. When relying
on the Company's forward looking information to make decisions,
investors and others should carefully consider the foregoing
factors and other uncertainties and potential events. The Company
has assumed a certain progression, which may not be realized. It
has also assumed that the material factors referred to in the
previous paragraph will not cause such forward-looking information
to differ materially from actual results or events. However, the
list of these factors is not exhaustive and is subject to change
and there can be no assurance that such assumptions will reflect
the actual outcome of such items or factors.
The forward-looking statements contained in this news release
represent the expectations of the Company as of the date of this
news release and, accordingly, is subject to change after such
date. Readers should not place undue importance on forward-looking
information and should not rely upon this information as of any
other date. While the Company may elect to, it does not undertake
to update this information at any particular time.
This news release does not constitute an offer to sell or a
solicitation of an offer to buy any of the securities in
the United States. The securities
have not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act") or
any state securities laws and may not be offered or sold within
the United States unless
registered under the U.S. Securities Act and applicable state
securities laws or an exemption from such registration is
available.
Neither the TSXV nor its Regulation Services Provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this news
release.
SOURCE Eguana Technologies Inc.
