Unitec International Controls Corp -
Unitec appoints Flatley director; stock options
Unitec International Controls Corp UIC
Shares issued 21,209,129 2000-02-15 close $0.18
Wednesday Feb 16 2000
Mr. John Smyth and Mr. Earl Hotrum report
Unitec has appointed Joseph Flatley as a director.
Mr. Flatley has been associated with the company since 1994, and is currently employed in public relations with Merlin Software Technologies Inc. Over the previous 12 years, Mr. Flatley raised capital for Clearly Canadian, Zoom Telephonics and El Grande.com.
At the same time, the company is pleased to announce, subject to regulatory approval, the granting of 200,000 incentive options to Mr. Flatley, and additional 400,000 incentive options to its directors and employees, under which a total of 600,000 shares of the company may be acquired from treasury, at an exercise price of 15 cents per share for a period of five years.
At the request of the Canadian Venture Exchange, the company advises that it knows of no material changes that could be responsible for the increased activity in its stock.
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