LONDON, ONTARIO--(Marketwired - Oct. 15, 2013) - Critical Outcome Technologies Inc. (COTI) (TSX VENTURE:COT) announced today that pursuant to an existing consulting agreement, the Board of Directors granted 200,000 stock options (Options) to Dr. Brent Norton who is also a director of the Company, on October 15, 2013.
The Options are exercisable at a price of $0.24 and have a five year expiry term. The Options vest as follows: 50,000 immediately and 50,000 on each of December 1, 2013, March 1, 2014 and June 1, 2014.
About Critical Outcome Technologies Inc. (COTI)
COTI is a leading-edge technology company specializing in accelerating the discovery and development of small molecules - dramatically reducing the time and cost to bring new drugs to market. COTI'S proprietary artificial intelligence system, CHEMSAS®, utilizes a series of predictive computer models to identify compounds with a high probability of being successfully developed from disease specific drug discovery through chemical optimization and preclinical testing. These compounds are targeted for a variety of diseases, particularly those for which current treatments are either lacking or ineffective.
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Dr. Wayne Danter
President & CEO