Imaflex Announces Grant of Options
May 27 2022 - 7:00AM
PR Newswire (Canada)
MONTREAL, May 27, 2022
/CNW Telbec/ - Imaflex Inc. ("Imaflex" or the "Corporation") (TSXV:
IFX), announces that it has granted a total of 300,000 stock
options (the "Options") to an employee of the Corporation
and one member of the Corporation's Board of Directors. 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 May 26, 2022 at an exercise price of $1.19 per common share until May 26, 2027.
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.
www.imaflex.com
SOURCE Imaflex Inc.
Copyright 2022 Canada NewsWire
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