In-Touch Survey Systems Ltd. Grants Stock Options and Position Changes
October 1, 2015
OTTAWA, Oct. 1, 2015 - In-Touch Survey Systems Ltd. ("In-Touch") (TSXV: INX). Michael Gaffney, Executive Chairman of In-Touch Survey Systems Ltd. reports that the Company's board of directors has approved the grant of options to purchase up to 300,000 common shares at an exercise price of C $0.28 per share to employees and officers of the Company. The majority of the options are being granted to the newly acquired employees of Statopex. The options were granted October 1, 2015 and are valid until September 30, 2020. The current stock option plan expires on the day of the Annual General Meeting to receive December 31, 2016 financial statements and is subject to regulatory approval.
The Company is also announcing that effective October 1, 2015, Mr. David Newby, takes on the position of Vice President Human Resources & Customer Experience. Mr. Newby was previously in the role of Director of Customer Experience.
"As the organization grows it is important that we add roles and responsibilities as required to keep us both agile and competitive. We are at a point where a stronger focus on Human Resource management was required and we are pleased to have someone of Dave's talents in this position as we look to the future", said Cameron Watt, President & Chief Executive Officer of the Company.
Certain statements included in this news release contain forward looking statements, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be inaccurate given that they are subject to certain risks and uncertainties.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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