EDMONTON, ALBERTA--(Marketwired - Dec. 17, 2015) - Synodon Inc. ("Synodon" or the "Corporation") (TSX VENTURE:SYD) announced that it issued 13,000,000 stock options ("Options") to officers, directors and employees of the Corporation in accordance with its Employee Stock Option Plan. The Options grant holders the right to purchase common shares at $0.05 per share for a period of five (5) years. 20% of the options vested on the date of the grant and the balance will vest as to 20% at each anniversary of the grant for the following four (4) years.
Synodon Inc. (www.synodon.com) provides advanced aerial integrity management services to oil and gas pipeline operators including natural gas and liquid hydrocarbon leak detection, pipeline threat assessment, vegetation encroachment, water crossing analysis and other custom services.
Neither the TSX Venture Exchange 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.
Source: Marketwired (Canada)
(December 17, 2015 - 5:26 PM EST)
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