ILI Technologies Announces the Issuance of Options to Its Directors, Officers, Employees & Consultants
20 Junho 2008 - 10:00AM
Marketwired
CALGARY, AB Corp. (TSX-V: ILI) ("ILI") announces that it has
granted 645,000 options to purchase common shares at a price of
$0.27 per share. 375,000 of the options were granted to the
following directors of ILI: Thomas Milley (75,000 options), Guy
Farebrother (150,000 options) and Serge Bonnet (150,000 options),
40,000 options were granted to Alice Mayer, an officer of ILI,
130,000 options were granted to 2 employees of ILI and 100,000
options were granted to a consultant to ILI. The issued options
will vest quarterly over a two year period and the $0.27 issuance
price represents the maximum allowable discount to the market price
as at the close of business on June 19, 2008. Any shares issuable
upon the exercise of an option will be subject to all required
regulatory hold periods. If unexercised, the above noted option
grants will expire on the earlier of: (i) a date that is
immediately after such optionee ceases to be a director, officer,
employee or consultant of ILI; and (ii) June 30, 2010.
ILI Technologies (2002) Corp. is a high technology company,
whose principal business is to develop, manufacture and market oil
and gas industry Information Technology (IT) and Operational
solutions that improve business performance. ILI's business
development efforts have shown excellent results, with the addition
of a number of new customers from our CBM Pumps and Services Inc.
acquisition and the addition of new sales, management and service
teams in our offices in Alberta, Texas and Wyoming. ILI
Technologies (2002) Corp. is also in the process of developing
other new product lines to add to its suite of existing
products.
For further information, please contact Serge Bonnet, President,
ILI Technologies (2002) Corp, at: Phone: (403) 543-0060, Fax: (403)
543-0069 or E-mail: invest@ilitech.com - Website:
http://www.ilitech.com
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
Distributed by Filing Services Canada and retransmitted by
Marketwire
For further information, please contact: Serge Bonnet President
ILI Technologies (2002) Corp. Phone: (403) 543-0060 Fax: (403)
543-0069 E-mail: Email Contact Website: http://www.ilitech.com
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