MATRRIX Announces Grant of Stock Options

Mar 28, 2013, 16:31 ET from MATRRIX Energy Technologies Inc.

CALGARY, March 28, 2013 /CNW/ - MATRRIX Energy Technologies Inc. ("MATRRIX" or the "Corporation") (TSX-V: MXX) announces that it has granted an aggregate of 931,667 stock options (the "Options") to directors, officers and employees pursuant to the Corporation's incentive stock option plan at an exercise price of $1.00 per share.  All Options are subject to vesting as to one third a year from the date of grant, one third two years from the date of grant and the remaining third vesting three years from the date of grant. Once vested, the options can be exercised and have an expiration date a year from the date of vesting. The foregoing grant of Options is subject to applicable stock exchange and regulatory approvals.


MATRRIX is engaged in the acquisition and supply of horizontal and directional drilling technologies for the oil and gas industry in North America.


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.