Immunotec Announces Grant of Options
February 12 2013 - 2:01PM
Marketwired Canada
Immunotec Inc. (TSX VENTURE:IMM), a Canadian based company and a leader in the
wellness industry (the "Company"), today announced that pursuant to the
Immunotec Stock Option Plan, 5 directors, 16 officers and employees and 1
consultant were granted options entitling them to acquire up to an aggregate of
920,000 common shares of the Corporation (the "Shares").
The exercise price of such options was established at $0.30, since the Board of
Directors believed that the Corporation's shares, which were trading at $0.19 on
the trading day before the grant, were undervalued. These options will vest over
a three-year period, with one-third (1/3) which will vest on each of the first,
second and third anniversaries of the date of the grant. Each option is
exercisable, once vested, for a period of five years from the date of the grant.
About Immunotec Inc.
Immunotec is a world class business opportunity supported by unique
scientifically proven products that improve wellness. Headquartered with
manufacturing facilities near Montreal, Canada, the Company also has
distribution capacities to support its commercial activities in Canada and
internationally to the United States, Europe, Mexico and the Caribbean.
The Company files its consolidated financial statements, its management and
discussion analysis report, its press releases and such other required documents
on the SEDAR database at www.sedar.com and on the Company's website at
www.immunotec.com. The common shares of the Company are listed on the TSX
Venture Exchange under the ticker symbol IMM.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS: Certain statements contained in
this news release are forward-looking and are subject to numerous risks and
uncertainties, known and unknown. For information identifying known risks and
uncertainties and other important factors that could cause actual results to
differ materially from those anticipated in the forward-looking statements,
please refer to the heading Risks and Uncertainties in Immunotec's most recent
Management's Discussion and Analysis, which can be found at www.sedar.com.
Consequently, actual results may differ materially from the anticipated results
expressed in these forward-looking statements.
FOR FURTHER INFORMATION PLEASE CONTACT:
Patrick Montpetit
Chief Financial Officer
(450) 510-4527
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