SEPROTECH SYSTEMS INCORPORATED
Canadian Timely Disclosure Pack – For Release 13th of December, 2011
Seprotech Grants Stock Options
Seprotech Systems Incorporated (TSX-V: SET; “Seprotech” or the “Company”) announces that it has granted a total of 1,600,000 stock options, comprising 100,000 options to a director, and the balance to the Company’s new CEO. The stock options vest over three years, and are exercisable into common shares of Seprotech at a price of $0.10 per share for a period of five years.
Seprotech currently has 62,921,926 common shares issued and outstanding, and under the Company’s Employee Share Option Plan a maximum of 7,000,000 common shares are available to be issued pursuant to the exercise of options at this time. Including this grant of 1,600,000 options, a total of 6,605,000 common shares have been reserved for issuance pursuant to outstanding option grants. There are 305,000 shares remaining available for issuance at this time with respect to future option grants.
Seprotech is a provider of pre-engineered water and wastewater treatment solutions to the municipal/land development, resource sector and military market place, including Reverse Osmosis water purification systems, ROTORDISK® biological sewage treatment package plants and CrystalBlue™ membrane-based water recycling systems.
For Further Information, please contact:
Mr. Ian W. Malone, CFO
Tel: (613) 523-1641
Fax: (613) 731-0851
Neither 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. The TSX Venture Exchange has neither approved nor disapproved of the information contained herein.