Naturally Advanced Technologies Reports Granting Incentive Stock Options
09 März 2012 - 3:49AM
PR Newswire (Canada)
VICTORIA, March 12, 2012 /CNW/ - Naturally Advanced Technologies
Inc., (NAT) , granted a total of 100,000 incentive stock options at
an exercise price of CDN$3.00/US$3.05 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 Options are subject to vesting provisions
and the terms and conditions of the NAT's 2011 Fixed Share
Option Plan (reserving 8,224,240 shares).
The Options carry a five-year term and expire on March
12, 2017. 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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