BluMetric Environmental Inc. (TSXV: BLM), has issued stock options that could be exchanged for up to 145,000 common shares, the company said on Tuesday.
The company’s directors received options to buy up to 100,000 shares with the rest going to employees and consultants working for the company.
The opinions vest in three years and will then be redeemable at a price of 50 cents per share. BluMetric shares were trading at 30 cents each on Friday afternoon.
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The company recently returned to profitability, posting a net income of $18,000 during the quarter that ended Dec. 31, 2013.