QUEBEC CITY, April 29, 2013 /CNW Telbec/ - Innovente Inc. (TSXV: IGE) ("Innovente" or the "Corporation") is pleased to announce the appointment of Mr. Pierre B. Meunier on its Board of Directors. Lawyer and author of numerous publications, Mr. Meunier has an impressive track record in the field of environmental law.
Mr. Meunier held several important positions in the Québec government. In particular, he was Deputy Minister of the Ministry of the Environment. Mr. Meunier joined Fasken Martineau in 1989, where he is a member for the Québec region of the Environment and Energy practice group and the Government Relations and Ethics practice group. He was also a member of the focus group on the Environment Quality Act for the Ministry of Sustainable Development, Environment and Parks (2005-2006).
"We are proud to welcome Mr. Meunier within our team of experienced directors, said Mr. Yves Filion, chairman of the Board of Directors of Innovente. The breadth of his expertise in the environmental field brings a depth and undeniable added value to our Board of Directors."
In connection with his appointment, the Board of Directors of the Corporation has authorized the grant to Mr. Meunier of a total of 75,000 stock options. These options are governed by the stock option plan of the Corporation, entitle their holder to subscribe to a common share of the Corporation at the price of $0.85 per share for a period of 10 years after their grant and will vest on a four-year period.
About Innovente
Based in Quebec City, Innovente produces renewable energy and provides communities with a green and sustainable solution for the management of organic residues through its patented technology in Canada and in the United States. Innovente stock is listed on the TSX Venture Exchange under the ticker symbol IGE (TSXV: IGE). www.innovente.ca
Disclaimer regarding forward-looking statements
Certain statements included herein, including those statements that express the expectations or the estimates of management in connection with the future performance of the Corporation, may constitute "forward-looking statements" within the meaning of applicable securities laws. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by management when they are made, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Investors are cautioned not to place undue reliance on forward-looking statements. The Corporation declines any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or other development.
Neither TSX Venture Exchange nor its Regulation Services Provider (as these terms are defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.
SOURCE: Innoventé Inc.
Caroline Bouchard
Director of Communications, Innovente
Tel: 418 692-1011 ext. 200
[email protected]
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