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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Industrials
Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Thermal Energy International Inc
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Comment by TriumphSpitSixon Dec 01, 2018 1:09am
38 Views
Post# 29048772

RE:Options announced - details . . .

RE:Options announced - details . . .I don't mind incentive options when they're granted responsibly like this, vesting at multiple year intervals. Wish the exercise price had been a bit higher though.

prone wrote: The stock options were granted pursuant to the terms of the Company's stock option plan, have a 5 year term and are exercisable at $0.08 per share being the closing price of the Company's shares on November 29, 2018.

One third of the options will vest with the optionee on each of the first three anniversaries of the date of grant.

Stock option grants are subject to necessary regulatory approvals.


Bullboard Posts
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