CVW Cleantech Announces Grant of Stock Options
CVW CLEANTECH ANNOUNCES GRANT OF
STOCK OPTIONS
CALGARY, AB
,
June 19, 2023
/CNW/ -
CVW CleanTech Inc. (the "Company" or "CVW
CleanTech")
(TSXV: CVW) is pleased to announce that on
June 19
th
, 2023 it granted stock options
to three of its Officers:
Joshua Grant
, the Company's Chief Financial Officer, was granted stock options for the
purchase of 300,000 common shares. These stock options are exercisable at a price of
$0.93
,
with a term of five years to expiry;
Lee Girardo
, the Company's Vice President, Corporate Development, was granted stock
options for the purchase of 600,000 common shares. These stock options are exercisable at a
price of
$0.93
, with a term of five years to expiry; and
Viraj Patel
, the Company's Vice President, Engineering, was granted stock options for the
purchase of 250,000 common shares. These stock options are exercisable at a price of
$0.93
,
with a term of five years to expiry.
The grant of stock options to Mr. Grant, Mr. Girardo and Mr. Patel is pursuant and subject to the
terms and conditions of the Company's existing stock option plan and is subject to all regulatory
requirements. The options will vest after a minimum of 18 months and after attaining certain
performance or market-based conditions.
About CVW CleanTech Inc.
CVW CleanTech Inc. is a clean technology innovator, working to develop sustainable technology
solutions. The Company has developed a suite of technologies called Creating Value from
Waste
™
("CVW
™
") that recovers bitumen, solvents, critical minerals and water from oil sands froth
treatment tailings while significantly reducing their emissions and enhancing tailings management.
For further information, please contact:
Akshay Dubey
Joshua Grant
CEO
CFO
403.460.8135
403.460.8135
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
CVW CleanTech Inc
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%SEDAR: 00003982E
CO: CVW CleanTech Inc
CNW 17:39e 19-JUN-23