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CALGARY, Alberta, Dec. 04, 2017 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor”, the “Company”), (TSX-V:QST), announces that the Board of Directors of the Company has approved the granting of incentive stock options pursuant to Questor’s stock option plan and compensation policy, dated September 15, 2016 to certain of its Directors, Officers and Employees to acquire up to an aggregate of 352,500 common shares (“Common Shares”) of the Company.
All of such Options are exercisable for a period of five years at a price of $2.35 per Common Share and 25% of the Options will vest one year after the date of the grant of such Options and the remainder will vest 25% per year thereafter.
Upon the granting of the Options described above, Questor will have 1,630,500 Options outstanding, which represents 6% of the 26,457,370 Common Shares currently outstanding. Questor’s stock option plan currently limits the issuance of Options to no more than 10% of the outstanding Common Shares.
ABOUT QUESTOR TECHNOLOGY INC.
Questor is a public, international environmental Cleantech Company founded in late 1994 and headquartered in Calgary, Alberta, with field offices located in; Grande Prairie, Alberta; Brighton, Colorado; and Brooksville, Florida. The Company is active in Canada, the United States, Europe and Asia and is focused on clean air technologies that safely and cost effectively improve air quality, support energy efficiency and greenhouse gas emission reductions.
Questor designs, manufactures and services high efficiency waste gas combustion systems; as well as, power generation systems and water treatment solutions utilizing waste heat. Our proprietary incinerator technology is utilized worldwide in the effective management of Methane, Hydrogen Sulphide gas, Volatile Organic Hydrocarbons, Hazardous Air Pollutants and BTEX gases ensuring sustainable development, community acceptance and regulatory compliance. Questor and its subsidiary, ClearPower Systems offers solutions for landfill biogas, syngas, waste engine exhaust, geothermal and solar, cement plant waste heat in addition to a wide variety of oil and gas projects in Canada, throughout the United States, the Caribbean, Western Europe, Russia, Thailand, Indonesia and China. With a focus on solid engineering design, our products enable our clients to operate cost effectively in an environmentally responsible and sustainable manner.
Questor trades on the TSX Venture Exchange under the symbol “QST”
For further information contact:
| Audrey Mascarenhas | Dan Zivkusic |
| President and Chief Executive Officer | Chief Financial Officer |
| Phone: (403) 571-1530 | Phone: (403) 539-4371 |
| Facsimile: (403) 571-1539 | Facsimile: (403) 571-1539 |
| Email: amascarenhas@questortech.com | Email: dzivkusic@questortech.com |
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.