ZENN Motor Company Grants Options

(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 04/02/12 -- ZENN Motor Company Inc. (TSX VENTURE: ZNN) "ZMC" or the "Company", wishes to announce that it has granted 15,000 options under the Company's option plan to Natasha Vandesluis, Chief Financial Officer. The options were granted as part of obligations under her existing employment agreement. Each option is exercisable to acquire one common share at a price of $0.89. The options vest as to one-third on each of the first, second and third anniversary following the date of grant and will expire five years from the date of grant.

About ZENN Motor Company Inc.

The Company's goal is to be the provider of leading edge power storage solutions and related technologies to the automotive industry.

Technologies and solutions, powered by EEStor's electrical energy storage units (EESU) have the potential to enable OEM and Tier 1 partners to deliver advanced electric transportation solutions to their customers. The Company's Technology Agreement with EEStor provides certain exclusive and non-exclusive rights to purchase and deploy EEStor's EESU technology, which rights are detailed in the Company's AIF.

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.



Contacts:
ZENN Motor Company Inc.
Vanessa Antoine
416-535-8395 ext. 224


ZENN Motor Company Inc.
Natasha Vandesluis
Chief Financial Officer
416-535-8395 ext. 220

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Bereitgestellt von Benutzer: MARKETWIRE
Datum: 02.04.2012 - 19:27 Uhr
Sprache: Deutsch
News-ID 131190
Anzahl Zeichen: 0

contact information:
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TORONTO, ONTARIO

Kategorie:

Cars

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