CALGARY, ALBERTA--(Marketwire - July 15, 2011) - CEMATRIX Corporation (TSX VENTURE:CVX - News; the "Corporation") has granted new incentive stock options to directors, employees and consultants of the Corporation for the purchase of a total of 1,365,000 shares at an exercise price of $0.15 per share, expiring on July 15, 2014.The Corporation is also re-pricing an aggregate of 937,500 outstanding incentive stock options granted to insiders of the Corporation with expiration dates ranging from June 1, 2012 to March 16, 2015, from exercise prices ranging from $0.30 to $0.35 per share to the new amended option exercise price of $0.15 per share. The re-pricing of these options received the approval of the disinterested shareholders of the Corporation at the annual shareholder meeting held on June 15, 2011, however, the re-pricing remains subject to final TSXV approval.CEMATRIX is an Alberta corporation with its head offices in Calgary, Alberta. The Corporation, through its wholly owned subsidiary, is a manufacturer and supplier of technologically advanced cellular concrete products with applications in a variety of markets, including oil and gas construction and infrastructure construction. Cellular concrete provides a cost and labour saving solution as a replacement for rigid and other insulating materials in frost-susceptible or permafrost conditions. Cellular concrete is also used in void filling situations and as a replacement for granular fills and weak or unstable soils.Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this News Release.
- CEMATRIX Corporation
- Alberta corporation
President and Chief Executive Officer