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VANCOUVER,
April 22, 2015 /CNW/ -
Smartcool Systems Inc. (TSXV: SSC) (the "Company") announces
stock option grants approved by the Board of Directors.
The Company has granted stock options to three independent
contractors and three of its officers, one of whom is a director of
the Company, to acquire an aggregate total of 4,470,000 common
shares of the Company. The options will entitle the grantees
to purchase common shares of the Company at a price of CDN$0.05 per share for a term of five years from
the date of grant. Twenty-five percent of the options will
vest on the date of grant and the balance will vest in three equal
installments, each as to another twenty-five percent, every six
months thereafter. The grants are subject to the approval of
the TSXV Venture Exchange.
About Smartcool
Smartcool Systems Inc. (TSXV: SSC) provides cutting edge
energy efficient and energy cost reduction solutions for businesses
around the world. The ECO3 and ESM are Smartcool's unique
retrofit technologies that reduce the energy consumption of
compressors in air conditioning, refrigeration and heat pump
systems by 15% to 20%, giving a return on investment in 12 to 36
months.
On behalf of Smartcool Systems Inc.
George Burnes, President
604.669.1388
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
SOURCE SmartCool Systems Inc.