E-Tech Assets Inc. (TSXV: REE) (FSE: K2I) (“E-Tech” or the “Firm”) publicizes that it has granted 1,200,000 inventory choices below the Firm’s Inventory Possibility Plan (the “Plan”) to its not too long ago appointed President and CEO, Mr. Todd Burlingame.
Every possibility is exercisable into one widespread share at an train worth of $0.10 per share. 600,000 choices will vest on the price of 25% on every of the six-month anniversary dates of the grant, and the remaining 600,000 will vest based mostly on particular firm efficiency standards. The choices will expire 5 years from the date of grant. All different phrases and circumstances of the choices are in accordance with the phrases of the Plan.
About E-Tech Assets Inc.
E-Tech is a uncommon earth exploration and improvement firm centered on creating its Eureka Uncommon Earths Venture in Namibia. The Eureka mission is situated roughly 250 km north-west of Namibia’s capital metropolis Windhoek and 140 km east of Namibia’s important industrial port Walvis Bay. The mission is located subsequent to the nationwide B1 freeway within the Erongo Area of Namibia.
The Eureka deposit lies within the Southern Central Zone of the Neoproterozoic Damara Belt inside Unique Prospecting License (“EPL”) quantity EPL 6762, which covers farms Eureka 99 and Sukses 90. E-Tech has additionally entered a definitive settlement to accumulate an 85% curiosity within the allow EPL 8748 which lies adjoining to and surrounds the Firm’s EPL 6762.
Namibia is acknowledged as one among Africa’s most politically secure jurisdictions, with an especially well-established nationwide infrastructure and a transparent and clear mining legislation.
Cautionary Statements
This press launch could comprise forward-looking info. This info is predicated on present expectations and assumptions (together with assumptions regarding common financial and market circumstances) which can be topic to vital dangers and uncertainties which can be troublesome to foretell. Precise outcomes could differ materially from outcomes instructed in any forward-looking info. E-Tech doesn’t assume any obligation to replace forward-looking info on this launch, or to replace the the explanation why precise outcomes may differ from these mirrored within the forward-looking info until and till required by securities legal guidelines relevant to E-Tech. Further info figuring out dangers and uncertainties is contained within the filings made by E-Tech with Canadian securities regulators, which filings can be found at www.sedarplus.ca.
Neither the TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined in insurance policies of the TSX Enterprise Change) accepts duty for the adequacy or accuracy of this launch.
For additional info, please contact Rob Randall, CFO of E-Tech Assets Inc., at (902) 442-7187.
