Inventronics Announces Option Grants

CALGARY, Alberta, Feb. 28, 2022 (GLOBE NEWSWIRE) — Inventronics Limited (“Inventronics” or the “Corporation”) (IVX:TSX Venture) announces the grant of options to purchase common shares of the Corporation to members of the management team and Board of Directors of the Corporation.

Each of the four members of Inventronics senior management team (“Management Group”) were granted 100,000 options and each of the two independent directors were granted 25,000 options, or in aggregate 450,000 options, to purchase common shares of Inventronics with an exercise price of $1.65 and an expiry date of five years from the date of grant. Three members of the Management Group are the majority shareholders of 1437891 Alberta Ltd., which holds a controlling interest in Inventronics amounting to approximately 73% of the issued and outstanding common share of Inventronics.

About Inventronics

Inventronics Limited designs and manufactures enclosures and other products for an array of customers in the telecommunications, electric utility, cable television, oil and gas, electronics and computer services industries in North America. The Corporation owns its ISO 9001-registered production facility in Brandon, Manitoba.

Shares of Inventronics trade on the TSX Venture Exchange under the symbol “IVX.” For more information about the Corporation, its products and its services, go to www.inventronics.com.

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