September 13, 2019, Toronto, ON– Clear Blue Technologies International Inc. (Clear Blue or “the Company”) (TSXV: CBLU) (FRANKFURT: 0YA), the Smart Off-Grid™ company, announces that the Board of Directors has approved the grant of 487,002 incentive stock options. 416,335 were granted to directors and senior officers of the Corporation and vest over 36 months, with the balance vesting over 48 months. The options are exercisable into common shares of the Company at a price of $0.16 per share. Subject to the rules of the TSX Venture Exchange and the Company's 2019 Omnibus Equity Incentive Compensation Plan, 416,335 options have a vesting term over 3 years and 70,667 options have a vesting term over 4 years. All options will expire on September 12, 2024.
The Company has also granted an aggregate of 1,176,653 RSUs to officers, directors and key employees and consultants, with vesting on February 1, 2020. Each vested RSU entitles the holder to receive one common share of the Company (“Share”) by delivering an exercise notice in accordance with the Company’s 2019 Omnibus Equity Incentive Compensation Plan.
About Clear Blue Technologies International
Clear Blue Technologies International, the Smart Off-Grid™ company, was founded on a vision of delivering clean, managed, “wireless power” to meet the global need for reliable, low-cost, solar and hybrid power for lighting, telecom, security, Internet of Things devices, and other mission-critical systems. Today, Clear Blue has thousands of systems under management across 35 countries, including the U.S. and Canada. Clear Blue is publicly tradedon the Toronto Venture Exchange under the symbol CBLU and on the Frankfurt Stock Exchange (FRANKFURT: 0YA). Learn more at www.clearbluetechnologies.com.
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.
Co-Founder, Director & CEO