CALGARY, Aug. 18, 2017 /CNW/ - MATRRIX Energy Technologies
Inc. ("MATRRIX" or the "Corporation") (TSX-V: MXX) announces that
it granted stock options to Elson
McDougald, a director of the Corporation, and to
Lyle Whitmarsh, President – Rig
Division, to purchase an aggregate of 450,000 common shares with an
exercise price of $0.315 per share
and an expiry date 5 years from the date of grant. The
options vest as to one-quarter on the date of grant and as to
one-quarter on each anniversary date of the date of grant of the
stock options. The total number of options outstanding as of
the date hereof is 3,067,155.
MATRRIX also announces that its board of directors have approved
the issuance and sale by private placement of an aggregate of
3,673,000 common shares at a price of $0.315 per common share to Lyle Whitmarsh, Elson
McDougald and Thane Russell, Chairman of the Corporation,
for aggregate gross proceeds of approximately $1,157,000. The aggregate gross proceeds will be
used for general corporate purposes.
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.
SOURCE MATRRIX Energy Technologies Inc.