Trakopolis Announces Issuance of Stock Options
CALGARY, Oct. 10, 2017 /CNW/ - Trakopolis IoT Corp. ("Trakopolis" or the "Company") (TSXV: TRAK) announces that the Company's Board of Directors has granted options to acquire an aggregate of 720,000 common shares of the Company (the "Common Shares") to directors, officers, select employees and consultants of the Company, with an exercise price of $0.90 per Common Share, exercisable for a period of five years. The options were granted pursuant to Trakopolis' stock option plan, vest fully in equal instalments by October 10, 2019, and are subject to all applicable regulatory and exchange approvals.
Trakopolis is a Software as a Service (SaaS) company with proprietary, cloud-based solutions for real-time tracking, data analysis and management of corporate assets such as equipment, devices, vehicles and workers. The Company's asset management platform works across a variety of networks and devices. Trakopolis has a diversified revenue stream from many verticals including oil and gas, forestry, transportation, construction, rentals, urban services, mining, government and others.
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.
SOURCE Trakopolis IoT Corp.