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Lite Access Tech grants options to buy 480,000 shares

2016-02-05 16:59 ET - News Release

Mr. Rob Gamley reports

LITE ACCESS TECHNOLOGIES GRANTS STOCK OPTIONS

Lite Access Technologies Inc. has granted 80,000 stock options to employees of DSG Communications Ltd., a wholly owned subsidiary of Lite Access, and 400,000 stock options to Dylan Griffiths, a member of the board of directors of Lite Access. The options are exercisable at $1.17 per share and expire on Feb. 5, 2019, in respect of the employee options, and Feb. 5, 2021, in respect of the director options. The employee options are subject to the following vesting terms: 50 per cent of the employee options will vest on Feb. 5, 2017, and the remaining 50 per cent of the employee options will vest on Feb. 5, 2018.

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