Mr. Richard Ryan reports
MATRRIX ANNOUNCES EXECUTIVE APPOINTMENT AND GRANT OF STOCK OPTIONS
Matrrix Energy Technologies Inc. has appointed Jason James as the corporation's new vice-president, finance, and chief financial officer, effective immediately. Mr. James is a chartered accountant with 17 years of corporate finance, accounting and business development experience in the oil and gas industry. Most recently Mr. James was the controller of several private oil and gas companies. Prior thereto, from June, 2007, to August, 2013, Mr. James was an officer and director of a public (TSX Venture Exchange) oil and gas company with North American and international operations. Mr. James is also a director of a public (TSX-V) international oil and gas exploration, production and mid-stream company. As CFO Mr. James will be responsible for finance, accounting and investor relations, with a focus on strategy and business development.
Consistent with this appointment, the corporation has granted options to purchase an aggregate of 170,000 common shares pursuant to the corporation's stock option plan at an exercise price of 82 cents per share. All options are subject to vesting as to one-third a year from the date of grant, one-third two years from the date of grant and the remaining third vesting three years from the date of grant. Once vested, the options can be exercised and have an expiration date that is one year from the date of vesting. The grant of options is subject to applicable stock exchange and regulatory approvals.
President Richard T. (Rick) Ryan stated: "We welcome Jason to our executive team within the Matrrix organization. His talent and experience will serve the company well in this key strategic position."
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