×

Avante Logixx Inc. Announces Grant of Incentive Options

TORONTO, April 04, 2018 (GLOBE NEWSWIRE) -- Avante Logixx Inc. (TSXV:XX) (“Avante” or the “Company”) announced today that, effective today, it granted options to acquire an aggregate of 75,000 common shares to Andrew Coles, a recent appointment to the Company’s board of directors, at an exercise price of $0.37 per share subject to the terms and conditions of the Company’s 10% rolling stock option plan approved September 29, 2015 and ratified by shareholders at its AGM held September 19, 2017. All options granted have a term of five years and vest immediately. Pursuant to the terms of the Company’s 10% rolling stock option plan, a total of 8,177,038 options are available to be issued. Including the grant of options referenced above, there are 1,405,372 options currently available to be granted under the terms of the stock option plan.

About Avante Logixx

Avante Logixx Inc. (TSXV:XX) is a Toronto based provider of high end security services. We acquire, manage and build industry leading businesses which provide specialized, mission-critical solutions that address the needs of our customers. Our businesses continuously develop innovative solutions that enable our customers to achieve their objectives. With an experienced team and a proven track record of solid growth, we are taking steps to establish a broad portfolio of security businesses to provide our customers and shareholders with exceptional returns. Please visit our website at www.avantelogixx.com and consider joining our investor email list.

Avante Logixx Inc.

Craig Campbell
CEO

(416) 923-6984
craig@avantelogixx.com

Leland Verner

Chairman

(416) 923-6984
leland@avantelogixx.com

FORWARD LOOKING STATEMENTS

All statements in this press release, other than statements of historical fact, are “forward looking information” with respect to Avante within the meaning of applicable securities laws. Forward-looking information is often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “planned”, “expect”, “project”, “predict”, “potential”, “targeting”, “intends”, “believe”, “potential”, and similar expressions, or describes a “goal”, or a variation of such words and phrases or state that certain actions, events or results “may”, “should”, “could”, “would”, “might” or “will” be taken, occur or be achieved.

Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied by the forward-looking information, including, without limitation, the list of risk factors identified in Avante’s Management Discussion & Analysis (MD&A), Annual Information Form (AIF) and other continuous disclosure, which list is not exhaustive of the factors that may affect any of Avante’s forward-looking information. In connection with the forward-looking statements contained in this and subsequent press releases, Avante has made certain assumptions about its business and the industry in which it operates and has also assumed that no significant events occur outside of Avante’s normal course of business. Although management believes that the assumptions inherent in the forward-looking statements are reasonable as of the date the statements are made, forward-looking statements are not guarantees of future performance and, accordingly, undue reliance should not be put on such statements due to the inherent uncertainty therein. Avante’s forward-looking information is based on the beliefs, expectations and opinions of management on the date the statements are made, and Avante does not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking information.

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:Avante Logixx Inc.