Acceleware Announces Option Grant
CALGARY, Aug. 31, 2016 /CNW/ - Acceleware® Ltd. ("Acceleware" or the "Corporation") (TSX-V: AXE), today announced that it has granted stock options to acquire up to 1,464,502 common shares of the Corporation to certain of its employees, officers and directors. The options have an exercise price of $0.15 per common share and expire on August 30th, 2021.
Of the 1,464,502 options granted, 426,658 shall vest on the first anniversary of the grant date, 426,658 shall vest on the second anniversary of the grant date, 401,684 shall vest on the third anniversary of the grant date, 104,751 shall vest when the share price of the common shares of the Corporation closes above $0.185 for ten consecutive trading days, and 104,751 shall vest when the share price of the common shares of the Corporation closes at or above $0.225 for ten consecutive trading days. The Corporation's stock option plan allows for 6,655,609 common shares to be reserved for issuance under the plan. Upon issuance of the options granted, there will be 6,203,045 common shares reserved under options outstanding, leaving 452,564 common shares that may be reserved for issuance under the Corporation's stock option plan. The stock option grant is subject to regulatory approval.
About Acceleware
Acceleware (www.acceleware.com) develops high performance seismic imaging and modeling software products and provides innovative technology for radio frequency (RF) heating, an emerging thermal enhanced oil recovery method. As experts in programming for multi-core CPUs and massively parallel GPUs, Acceleware's professional services team specializes in accelerating computationally intense applications for clients to speed up product design, analyze data and help make better business decisions. Acceleware's products and services are used by some of the world's largest energy and engineering companies.
Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE.
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.
SOURCE Acceleware Ltd.
For further information: Geoff Clark, This email address is being protected from spambots. You need JavaScript enabled to view it., Acceleware Ltd., 435 10th Avenue SE, Calgary, AB, T2G 0W3 Canada, +1 (403) 249-9099, www.acceleware.com
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- ► November
- Acceleware Ltd. Reports Third Quarter 2023 Financial and Operating Results
- Acceleware Awarded $3 Million in Non-Dilutive Funding from The Clean Resource Innovation Network
- Universities of Regina, British Columbia Among 19 Recipients of CRIN's $16.1 Million CAD Commitment to Clean Up Canada's Oil and Gas Industry
- ► August
- Acceleware Ltd. Announces Closing of Non-Brokered Private Placement
- Acceleware Ltd. Reports Second Quarter 2023 Financial and Operating Results
- Acceleware completes project validating CTI-powered potash drying
- Acceleware Completes Project with Saskatchewan’s International Minerals Innovation Institute - Validates Potential of CTI-Powered Drying
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- Acceleware Ltd. Reports First Quarter 2022 Financial and Operating Results
- Low emissions oil sands technology pilot hits major milestone Radio frequency-based recovery test now up and running and producing oil
- How a software company is microwaving Alberta's oilsands
- How a software company is microwaving Alberta's oilsands (VIDEO)
- ► April
- ► March
- Acceleware Announces Closing of Non-Brokered Private Placement of 10% Unsecured Convertible Debentures
- Acceleware Announces Second Non-Brokered Private Placement of 10% Unsecured Convertible Debentures
- Acceleware Reports Fourth Quarter 2021 Financial and Operating Results
- Acceleware Energizes RF XL Commercial-Scale Pilot
- Acceleware Announces Non-Brokered Private Placement of 10% Unsecured Convertible Debentures
- ► 2021
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- Minister Champagne highlights clean technology investments in Budget 2021
- Acceleware Announces that Jim Boucher has been Nominated to Stand for Election to the Board of Directors
- Jim Boucher - 2020 Inductee, Alberta Order of Excellence
- Was cancelling Keystone the cleantech catalyst Calgary didn’t know it needed?
- U of C scientist studies how radio waves could be harnessed for clean oil extraction
- ► March
- Funding gained for commercial pilot to test radio frequency oilsands tech: Acceleware
- Acceleware Announces $5 Million in New Funding from Alberta Innovates for Marwayne RF XL Pilot
- Commercial pilot to test radio frequency oilsands technology funded, says Acceleware
- Acceleware’s Laura McIntyre is positively choosing to challenge industry
- ► January
- ► 2020
- ► December
- ► November
- Acceleware Ltd. Reports Third Quarter 2020 Financial and Operating Results
- Influential Indigenous leader throwing weight behind radio frequency oil sands tech
- Precise Teams with Acceleware to Launch Revolutionary Deployment Method
- Acceleware and Saa Dene Create Acceleware | Kisâstwêw Partnership
- Acceleware, Saa Dene Announce Partnership
- ► October
- ► September
- ► August
- ► July
- ► June
- Acceleware Announces Major Advancement of RF XL Heating Technology Following Full Power Field Test of RF Converter
- The Acceleware team talks about innovation, technology and a cleaner future for oil sands and heavy oil production
- Zero GHG Production of Oil Sands Reservoirs Using RF Heating
- Acceleware: Radio Frequency Energy to Heat & Mobilize Heavy Oil & Bitumen
- Danielle Smith Show: A Cleaner Future for Oil
- Acceleware Ltd. Appoints Caralyn Bennett to Board of Directors
- ► May
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- ► 2018
- ► November
- Acceleware Ltd. Reports Third Quarter 2018 Financial and Operating Results
- Oilsands RF tech developer adds $2 million from ‘major producer’ for field pilot
- Acceleware Secures Investment from Major Oil Sands Producer on RF XL Commercial Pilot
- Canadian Heavy Oil Association, Fall Conference – November 2018
- ► October
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- ► 2017
- ► November
- Acceleware Reports Results for the Three and Nine Months ended September 30, 2017 For Immediate Release
- ACCELEWARE LTD. ANNOUNCES CONVERSION OF CONVERTIBLE DEBENTURES
- Acceleware to use radio waves to help extract heavy oil
- 11 Alberta cleantech projects get $28.8M in backing from feds, province
- Acceleware to proceed with commercial RF oilsands pilot with $10 million in new federal/provincial funding
- Alberta-based Acceleware Awarded Funding to Test RF XL
- ► September
- ► August
- ► June
- ► May
- ► April
- ► March
- T-minus three years to radio frequency oilsands production after successful field test: Acceleware
- Acceleware successful in first phase field test of low-carbon, low-cost oil sands production technology and sells test results to oil sands producer
- World-Class Energy Technology Showcased at #PROPEL2017
- Propel Energy Tech Forum – March 2017
- ► February
- ► November
- ► 2016
- ► December
- ► November
- ► October
- ► September
- ► August
- ► June
- GE, Calgary tech firm team up on ‘game changing’ oilsands cleantech project
- Acceleware and GE say their new radio frequency oilsands tech could drop costs up to 50%
- Low-Cost, Low-Carbon, and Waterless Oil Sands Production One Step Closer: Acceleware Files Patent and Announces Partnership with GE
- Acceleware Ltd. Announces $200,000 Secured Debt Financing
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- ► May
- Acceleware Reports Second Consecutive Quarter of Year over Year Income and Revenue Growth and Releases Results for the First Quarter of Fiscal 2013 For Immediate Release
- Acceleware Reports Second Consecutive Quarter of Year over Year Income and Revenue Growth and Releases Results for the First Quarter of Fiscal 2013 For Immediate Release (2)
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- ► July
- ► June
- Acceleware Announces Acceleration of Matrix Methods up to 20X Faster
- Acceleware Announces GPU Based Cluster Solution
- Acceleware and Vector Fields Partner to Accelerate Microwave Design
- Acceleware Announces Short Form Prospectus Offering
- Acceleware’s Multi-Core Image Reconstruction Solution Adopted by Major Pharmaceutical Company
- ► May
- ► April
- ► March
- ► February
- ► January
- Successful Field Trials Confirm Accelerated Seismic Migration Processing
- Synopsys and Acceleware Deliver Hardware Accelerated Solution for Design of Optoelectronic Devices
- Acceleware Achieves Sales Milestone
- Advisory Webinar Covers the Business Benefits of High Performance Computing Lead by Acceleware Director of Product Management, Chris Mason
- Acceleware Announces New Vice President of Sales
- Acceleware Retains Leading Investor Relations Firm
- ► 2007
- ► December
- ► November
- ► October
- Acceleware Announces Partnership with Agilent Technologies to Provide Simulation Acceleration to Antenna Modeling Design System Customers
- Acceleware Recognized by University of Madison-Wisconsin for Aiding in Breast Cancer Research
- Acceleware Announces $2,000,000 Private Placement
- Acceleware to Exhibit at European Microwave Week in Munich
- ► September
- Acceleware to Demonstrate Significant Performance Increase with Kirchhoff Pre-Stack Time Migration Software at SEG 2007
- Acceleware to Participate at Antenna Systems and Short-Range Wireless 2007
- Acceleware Corp. Names Seasoned HPC Veteran, Steven Joachims, as Vice President of Business Development
- Acceleware Announces Multi-Track Webinar Series for GPU Computing Users
- ► June
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