ECLMF - Ecolomondo Announces the Grant of Stock Options to Purchase 2150000 Common Shares
(TheNewswire)
Montreal – TheNewswire- December 23, 2021 Ecolomondo Corporation ( TSXV:ECM ) (the“ Company ” or “ Ecolomondo ”) announces that pursuant to theCompany's Stock Option Plan, the Company has granted on December20,2021, stock options (the " Options ") tocertain directors, officers and employees to purchase an aggregate of2,070,000 common shares (the “ Optioned Shares ”) of the Company at anexercise price of $0.37 per Optioned Share for a period of ten yearsfrom the date of grant. Subsequent to the grant of such Options, anaggregate amount of 3,520,039 common shares of the Company remainsavailable for issuance under the Company’s stock option plan, asre-approved by the shareholders of the Company during the lastCompany’s annual general meeting held on June 21, 2021.
About Ecolomondo Corporation
Ecolomondo is a cleantech Canadian company that iscommercializing its waste-to-products technology. The ThermalDecomposition Process (“ TDP ”) converts hydrocarbon waste intomarketable commodity end-products, namely carbon black substitute,oil, gas and steel. Technologies such as Ecolomondo’s are expectedto play an important role in resource recovery needed in today’scircular economy.
The Company’s main revenues will come from the saleof TDP turnkey facilities and royalties from their operations. TDPfacilities will generate revenues from the sale of end-products,tipping fees and carbon credits. Ecolomondo’s first focus is tomarket TDP turnkey facilities that use scrap tires as a feedstock,because scrap tires yield end-products with a higher commercial value,especially the recycled carbon black.
Management believes that technological breakthroughs inareas of emissions, process optimization, automation, end-productprocessing and safety, position Ecolomondo to become an industryleader in the resource recovery of hydrocarbon waste.
Cautionary Note Regarding ForwardLooking Statements
The information in this news release includes certaininformation and statements about management's view of future events,expectations, plans and prospects that constitute forward lookingstatements. These statements are based upon assumptions that aresubject to significant risks and uncertainties. Because of these risksand uncertainties and as a result of a variety of factors, the actualresults, expectations, achievements or performance may differmaterially from those anticipated and indicated by these forwardlooking statements. Although Ecolomondo believes that the expectationsreflected in forward looking statements are reasonable, it can give noassurances that the expectations of any forward looking statementswill prove to be correct. Except as required by law, Ecolomondodisclaims any intention and assumes no obligation to update or reviseany forward looking statements to reflect actual results, whether as aresult of new information, future events, changes in assumptions,changes in factors affecting such forward looking statements orotherwise.
For further information pleasecontact:
Elio Sorella,
Chairman and Chief Executive Officer, Ecolomondo
Tel: (450) 587-5999
www.ecolomondo.com
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
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