Thermal Energy International Inc. ("Thermal Energy" or the "Company"), a global provider of energy efficiency and emissions reduction solutions, has announced that it granted 1,392,000 options to purchase common shares of the Company to officers and directors of the Company on November 30, 2024 as part of an overall remuneration and incentive program.
The stock options were granted pursuant to the terms of the Company's stock option plan, have a 5-year term and are exercisable at $0.20. One third of the options will vest with the optionee on each of the first three anniversaries of the date of grant. Stock option grants are subject to necessary regulatory approvals.
