Vancouver, Canada December 29, 2014 – GreenPower Motor Company Inc. (TSXV: GPV) (“GreenPower” or the “Company”), announces stock option grants approved by the Board of Directors.
GreenPower has granted incentive stock options to employees, advisors, officers and directors of the Company, to acquire a total of 6,049,717 common shares of the Company with vesting ranging from four months to forty months, exercisable for a period of five years (215,000 stock options for a period of two years) at a price of CDN $0.25 per share, subject to the approval of the TSX Venture Exchange.
The Company has a total of 6,499,717 outstanding stock options.
About GreenPower Motor Company Inc.
GreenPower Motor Company Inc., through its wholly-owned subsidiary, GP GreenPower Industries Inc. (“GPI”), develops electric powered vehicles for commercial markets. GPI has developed the EV350 transit bus, which is an electric powered transit bus deploying electric drive and battery technologies with a lightweight chassis and low floor body. Presently, GPI is building the EV350 for the North American market, using global suppliers for parts such as batteries, motors and axles, at a manufacturing facility that GPI intends to use in China. For further information go to www.greenpowermotor.com
Forward-Looking Statements
This document contains forward-looking statements relating to GreenPower’s operations and to the environment in which it operates, which are statements based on GreenPower’s operations, estimates, forecasts and projections. This document also contains forward-looking statements regarding the vesting and expiry of stock options. These forward-looking statements are not guarantees of future performance and involve risks and uncertainties that are difficult to predict or are beyond GreenPower’s control. A number of important factors including those set forth in other public filings could cause actual outcomes and results to differ materially from those expressed in these forward-looking statements. Consequently, readers should not place any undue reliance on such forward-looking statements. In addition, these forward-looking statements relate to the date on which they are made. GreenPower disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new
information, future events or otherwise.
For further information contact:
Fraser Atkinson, Chairman
(604) 220-8048
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
