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.
About Trakopolis
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.