TechWeb

Annual General Meeting and Stock Options Grant

Nov 02, 2012 (03:11 PM EDT)
URL: http://www.techweb.com/show-press-release/X931506/annual-general-meeting-and-stock-options-grant.html

Symbol:  CXG.A-CDNX
www.clemex.com
Shares Outstanding:  30 999 810

MONTREAL, Nov. 2, 2012 /CNW Telbec/ - Clemex Technologies Inc. (TSXV: CXG.A) announces that it has held its Annual General Meeting on October 30th 2012. All matters represented before the shareholders were approved. The board members re-elected were Mr. Clément Forget, Mr. Normand Beauregard, Mr. Frederic Imbs while Mrs. Lisane Dostie was also re-elected Chairperson and Corporate Secretary.  A new Director was elected, Mrs. Anna Ruhland, Project Management at Zwick/Roell of Ulm, Germany.

At the Board Meeting which followed the Annual General Meeting, 140 000 options to purchase common shares were granted to its Directors and Officers as follows:

  Number of options
granted
Exercise price
($ CDN)
     
Clement Forget, President and CEO 50,000 $ 0.12
Anna Ruhland, Director 40,000 $ 0.12
Monique Dallaire, Vice-President, Marketing and Product Development 25 000 $ 0.12
Caroline Trudel, Vice-President, Finances and Administration 25 000 $ 0.12

The options granted will vest immediately and expire on October 30th, 2017.

About Clemex Technologies Inc.

Clemex Technologies Inc. develops, manufactures and markets image analysis systems and software used by quality control and research microscopy laboratories.  Clemex customer base spans over many countries in America, Europe, Asia and encompasses major Research and Development Centers, prestigious Universities and large manufacturing industries in various fields including automotive, aerospace, raw materials manufacturing, pharmaceuticals, mining and other sectors.

The CDNX has not reviewed and does not accept responsibility for the adequacy and accuracy of this news release.

SOURCE CLEMEX TECHNOLOGIES INC.