Questor Technology Announces Stock Option

Questor Technology (TSXV:QST), a cleantech company based in Calgary, Alberta announced that it is granting stock options to its company officers and directors to acquire a maximum of 257,000 common shares that are exercisable at a price of C$5.09 during the next five years. Questor’s principal operations are involved in clean combustion services. Questor’s shares opened at C$4.95 on Tuesday (May 28).

As quoted in the press release:

All of such options are exercisable for a period of five years at a price of $5.09 per common share and 25% of the options will vest one year after the date of the grant of such options and the remainder will vest 25% per year thereafter.

Upon the granting of the options described above, Questor will have 1,171,125 options outstanding, which represents 4.3% of the 27,152,224 common shares currently outstanding. Questor’s stock option plan currently limits the issuance of options to no more than 10% of the outstanding common shares.

Click here to read the full press release.