Mr. Dan Stearne reports
INVENTRONICS ANNOUNCES OPTION GRANTS
Inventronics Ltd. has granted options to purchase common shares of the corporation to members of the management team and board of directors of the corporation.
Each of the four members of Inventronics's senior management team was granted 100,000 options, and each of the two independent directors were granted 25,000 options, or in aggregate 450,000 options, to purchase common shares of Inventronics with an exercise price of $1.65 and an expiry date of five years from the date of grant. Three members of the management group are the majority shareholders of 1437891 Alberta Ltd., which hold a controlling interest in Inventronics amounting to approximately 73 per cent of the issued and outstanding common shares of Inventronics.
About Inventronics Ltd.
Inventronics designs and manufactures enclosures and other products for an array of customers in the telecommunications, electric utility, cable television, oil and gas, electronics, and computer service industries in North America. The corporation owns its ISO 9001-registered production facility in Brandon, Man.
Shares of Inventronics trade on the TSX Venture Exchange under the symbol IVX.
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