06:28:30 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Thermal Energy International Inc
Symbol TMG
Shares Issued 167,772,965
Close 2023-11-30 C$ 0.195
Market Cap C$ 32,715,728
Recent Sedar Documents

Thermal Energy grants options to buy 1.76M shares

2023-11-30 20:03 ET - News Release

An anonymous director reports

THERMAL ENERGY INTERNATIONAL ANNOUNCES GRANT OF STOCK OPTIONS

Thermal Energy International Inc. has granted 1.76 million options to purchase common shares of the company to officers and directors of the company as part of an overall remuneration and incentive program.

The stock options were granted pursuant to the terms of the company's stock option plan, have a five-year term and are exercisable at 20 cents. One-third of the options will vest with the optionee on each of the first three anniversaries of the date of grant. Stock option grants are subject to necessary regulatory approvals.

About Thermal Energy International Inc.

Thermal Energy provides energy efficiency and emission reduction solutions to Fortune 500 and other large multinational companies. It saves its customers money by reducing their fuel use and cutting their carbon emissions. Thermal Energy's proprietary and proven solutions can recover up to 80 per cent of energy lost in typical boiler plant and steam system operations while delivering a high return on investment with a short, compelling payback.

Thermal Energy is a fully accredited professional engineering firm with engineering offices in Ottawa, Canada, Pittsburgh, United States, as well as Bristol, United Kingdom, with sales offices in Canada, the U.K., the U.S., Germany, Poland and Italy. By providing a unique mix of proprietary products together with process, energy and environmental engineering expertise, Thermal Energy can deliver unique site-specific turnkey and custom engineered solutions with significant financial and environmental benefits for its customers.

Thermal Energy's common shares are traded on the TSX Venture Exchange under the symbol TMG and on the OTCQB under the symbol TMGEF.

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