OTTAWA, Dec. 1, 2011 /CNW/ - Thermal Energy International Inc, (TSX-V:TMG) (www.thermalenergy.com) (the "Company") today announced that it has granted 1,290,000 options to purchase common shares of the Company to officers of the Company, and 1,320,000 options to purchase common shares of the Company to directors of the Company. The stock options were granted pursuant to the terms of the Company's stock option plan, are exercisable at
.10 per share and have a five year term. One third of the options will vest with the optionee on each of December 1, 2012, 2013 and 2014. The grants to officers were made in recognition of the contribution the officers made to the Company's performance during the fiscal year ending May 31, 2011. 250,000 of the options granted to directors represent an initial grant of options following a director's appointment to the board of the Company during the annual general meeting of shareholders held October 25, 2011. The remaining 500,000 options granted to directors represent the replacement of a similar number of options held by two directors which expired earlier in the year without having been exercised. Stock option grants are subject to necessary regulatory approvals