Naturally Advanced Technologies Reports Granting Incentive Stock Options
28 September 2011 - 6:54AM
PR Newswire (Canada)
VANCOUVER, BC and PORTLAND, OR, Sept. 29, 2011 /CNW/ - Naturally
Advanced Technologies Inc., (NAT) , , granted a total of 260,000
incentive stock options at an exercise price of CDN$2.25/US$2.20
per share (the "Options") to certain officers and consultants of
NAT. 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
September 29, 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. Naturally
Advanced Technologies Inc. CONTACT: Media Contact:Ryan LeverenzLew
Leverenz Associates(415) 999-1418ryan.leverenz@gmail.comInvestor
Contact:Rick AnguillaGuidance Counsel(503)
820-3565ir@naturallyadvanced.comCorporate Officer:Guy
PrevostCFO(866) 436.7869
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