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CALGARY, ALBERTA--(Marketwired - Feb 5, 2016) - CERF Incorporated ("CERF") (TSX VENTURE:CFL) has granted 1,985,000 stock options to directors, officers, employees and consultants of CERF at an exercise price of $0.50.
The stock options have been granted pursuant to CERF's 10% rolling stock option plan and will expire five years from the date of grant. All of the stock options vest as to one third thereof on each of the first, second and third anniversaries of the date of grant. Subsequent to this stock option grant, CERF will have a total of 3,864,000 stock options outstanding.
The foregoing stock options have been granted following the recently announced changes to CERF's Board of Directors and executive management team and following the addition of new employees and a consultant upon the completion of CERF's recently announced acquisition of Zedcor Oilfield Rentals Ltd.
CERF Incorporated is a Canadian public corporation engaged in the rental, sale and service of industrial and construction equipment and waste management and environmental services. The Equipment Rental Segment includes the rental of residential, commercial and industrial construction-related equipment, including sales and service sectors of the oil and natural gas industry. The Waste Management Segment consists of complete waste facility management (six landfill sites in central Alberta) including waste facility design and construction services, recycling management and collection services, and consulting services. The Waste Management Segment also consists of waste removal and disposal from commercial, industrial and residential customers, CERF Incorporated trades on the TSX Venture Exchange under the symbol "CFL".
Neither 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.