Imaflex Announces Grant of Options
September 11 2019 - 10:19AM
PR Newswire (Canada)
MONTREAL, Sept. 11, 2019 /CNW Telbec/ - Imaflex Inc.
("Imaflex" or the "Corporation") (TSXV: IFX), announces that it has
granted a total of 100,000 stock options (the "Options") to
one of the Corporation's sales agents. The options are
convertible into an equal amount of common shares of the
Corporation for a period of five (5) years from the date of grant
of the Options. One quarter of the Options vest immediately upon
grant with an additional quarter vesting every six-month period
thereafter. The Options are granted as of September 10, 2019 at an exercise price of
$0.55 per common share until
September 10, 2024.
About Imaflex Inc.
Founded in 1994, Imaflex is
focused on the development and manufacturing of innovative
solutions for the flexible packaging space. Concurrently, the
Corporation develops and manufactures films for the agriculture
industry. The Corporation's products consist primarily of
polyethylene (plastic) film and bags, including metalized plastic
film, for the industrial, agricultural and consumer
markets. Headquartered in Montreal, Quebec, Imaflex has manufacturing
facilities in Canada and the
United States. The Corporation's common stock is listed on
the TSX Venture Exchange under the ticker symbol IFX.
Additional information is available at www.imaflex.com.
Neither the 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.
www.imaflex.com
SOURCE Imaflex Inc.
Copyright 2019 Canada NewsWire
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