Imaflex Announces Grant of Options
August 27 2020 - 7:00AM
PR Newswire (Canada)
MONTREAL, Aug. 27, 2020 /CNW/ - Imaflex Inc. ("Imaflex" or
the "Corporation") (TSX-V: IFX), announces that it has granted a
total of 150,000 stock options (the "Options") to three
employees of the Corporation. The options are convertible into
an equal amount of common shares of the Corporation for a period of
five (5) years from the date of grant of the Options. One
quarter of the Options vest immediately upon grant with an
additional quarter vesting every six-month period thereafter. The
Options are granted as of August 26,
2020 at an exercise price of $0.73 per common share until August 26, 2025.
About Imaflex Inc.
Founded in 1994, Imaflex is focused
on the development and manufacturing of innovative solutions for
the flexible packaging space. Concurrently, the Corporation
develops and manufactures films for the agriculture industry. The
Corporation's products consist primarily of polyethylene (plastic)
film and bags, including metalized plastic film, for the
industrial, agricultural and consumer markets. Headquartered in
Montreal, Quebec, Imaflex has
manufacturing facilities in Canada
and the United States. The Corporation's common stock is
listed on the TSX Venture Exchange under the ticker symbol IFX.
Additional information is available at www.imaflex.com.
Neither the 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 Imaflex Inc.
Copyright 2020 Canada NewsWire
Imaflex (TSXV:IFX)
Historical Stock Chart
From Jun 2024 to Jul 2024
Imaflex (TSXV:IFX)
Historical Stock Chart
From Jul 2023 to Jul 2024