Imaflex grants stock options

Jul 15, 2013, 07:55 ET from Imaflex Inc.

MONTREAL, July 15, 2013 /CNW Telbec/ - Imaflex Inc. ("Imaflex" or the "Corporation") has granted incentive stock options (the "Options") entitling a consultant of the Corporation performing investor relations activities to acquire up to 100,000 common shares of the Corporation (the "Common Shares") for a period of two (2) years from the date of grant of the Options. Based on the terms and conditions of the Corporation's stock option plan, one quarter of the Options vest immediately upon grant with an additional quarter vesting every three month period thereafter. The Options are granted as of July 15, 2013 at an exercise price of $0.40 per Common Share until July 15, 2015 as a second tranche pursuant to a capital markets consulting agreement as previously disclose by the Corporation in a press release dated January 16, 2013

SOURCE Imaflex Inc.