Naturally Advanced Technologies Reports Granting Incentive Stock Options
19 August 2011 - 3:00PM
PR Newswire (Canada)
VANCOUVER AND PORTLAND, OR, Aug. 19, 2011 /CNW/ -- VANCOUVER AND
PORTLAND, OR, Aug. 19, 2011 /CNW/ - Naturally Advanced Technologies
Inc., (NAT) (OTCBB: NADVF, TSXV: NAT), granted a total of
1,060,000 incentive stock options at an exercise price of
CDN$2.74/US$2.77 per share (the "Options"). 990,000 Options have
been granted to certain directors, officers, employees and
consultants of NAT. NAT also granted 35,000 Options to each of Rick
Anguilla and Meredith Chase, the principals of Guidance
Counsel. Guidance Counsel is responsible for NAT's investor
relations activities pursuant to an Investor Relations
Agreement dated August 6, 2010 and approved by the TSXV on
November 16, 2010. Standard compliance procedures of the TSX
Venture Exchange require press release notice of the grant. The
stock options are subject to vesting provisions and the terms and
conditions of the company's 2010 Fixed Share Option Plan (reserving
7,057,640 shares). The options carry a five-year term and
expire on August 19, 2016. Naturally Advanced Technologies Inc.
Naturally Advanced Technologies Inc. develops renewable and
environmentally sustainable biomass resources from flax, hemp and
other bast fibers. The Company, through its wholly owned
subsidiary, CRAiLAR® Fiber Technologies Inc., has developed
proprietary technologies for production of bast fibers, cellulose
pulp, and their resulting by-products in collaboration with
Canada's National Research Council. CRAiLAR technology offers
cost-effective and environmentally sustainable processing and
production of natural, bast fibers resulting in increased
performance characteristics for use in textile, industrial, energy,
medical and composite material applications. The Company was
founded in 1998 as a provider of environmentally friendly, socially
responsible clothing. For more information, visit
www.naturallyadvanced.com. Neither the TSX Venture Exchange Inc.
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. Forward-Looking
Statement Disclaimer This news release includes certain statements
that may be deemed "forward-looking statements". All statements in
this news release, other than statements of historical facts, are
forward-looking statements. Forward-looking statements or
information are subject to a variety of risks and uncertainties
which could cause actual events or results to differ from those
reflected in the forward-looking statements or information and
including, without limitation, risks and uncertainties relating to:
any market interruptions that may delay the trading of the
Company's shares, technological and operational challenges, needs
for additional capital, changes in consumer preferences, market
acceptance and technological changes, dependence on manufacturing
and material supplies providers, international operations,
competition, regulatory restrictions and the loss of key employees.
In addition, the Company's business and operations are subject to
the risks set forth in the Company's most recent Form 10-K, Form
10-Q and other SEC filings which are available through EDGAR at
www.sec.gov. These are among the primary risks we foresee at the
present time. The Company assumes no obligation to update the
forward-looking statements. To view this news release in HTML
formatting, please use the following URL:
http://www.newswire.ca/en/releases/archive/August2011/19/c4885.html
p bMedia Contact:/bbr/ Ryan Leverenzbr/ Lew Leverenz Associatesbr/
(415) 999-1418br/ a
href="mailto:ryan.leverenz@gmail.com"ryan.leverenz@gmail.com/a /p p
bInvestor Contact:/bbr/ Rick Anguillabr/ Guidance Counselbr/ (503)
820-3565br/ a
href="mailto:ir@naturallyadvanced.com"ir@naturallyadvanced.com/a /p
p bCorporate Officer:/bbr/ Guy Prevostbr/ CFObr/ (866) 436.7869 /p
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