OneRoof Energy Group, Inc. Amends Equity Grant Plan

SAN DIEGO, Jan. 15, 2015 /CNW/ -- OneRoof Energy Group, Inc. (TSXV:ON) ("OneRoof") today announced that its Board of Directors approved the following equity grants and changes to existing equity compensation arrangements:

• Grants of 88,000 stock options to non-executive employees of OneRoof Energy, Inc. ("OneRoof Inc."), a wholly-owned subsidiary of OneRoof, and 174,958 to members of the Board of Directors of OneRoof.  The stock options have a ten-year term, vest over three years and have an exercise price of $0.71 per share.
• Grants of 955,425 restricted share units ("RSUs") to non-executive employees of OneRoof Inc. and 486,846 RSUs to members of the Board of Directors of OneRoof.  The RSUs vest over three years.
• A total of 3,712,279 stock options that were issued in 2014 with a strike price of $2.40 per share were re-priced to $0.71 per share.  The re-pricing of options held by executives and members of the Board of Directors of OneRoof will be subject to shareholder approval.
• The $3.60 and $4.20 share price vesting conditions applicable to executive RSUs granted in 2014 were eliminated and such RSUs will continue to be subject to their time-based vesting schedules.

All grants and amendments are subject to acceptance by the TSX Venture Exchange. No additional stock options or RSUs were awarded to executives of the Company.

About OneRoof Energy

OneRoof Energy, Inc., a  wholly-owned subsidiary of OneRoof Energy Group, Inc., is a complete solar services provider offering homeowners everything from traditional and lease financing, PPAs, solar system design and installation project management to ongoing system monitoring and maintenance services. Utilizing its technology-rich, solar leasing fulfillment platform, OneRoof is partnering with traditional energy retailers and home services companies of all sizes to offer residential customers affordable, renewable energy choices.   With its unique end-to-end energy solution, the Company has created multiple touch points to offer cost-saving energy products and services that create a seamless experience for the homeowner while fulfilling their unique energy needs.  Currently, OneRoof serves residential customers in five states including Arizona, California, Hawaii, Massachusetts and New York with plans for additional expansion. For more information, visit www.oneroofenergy.com.  

Caution Regarding Forward-Looking Information

Certain statements contained in this document, are "forward-looking information" within the meaning of applicable securities laws. Forward-looking information is necessarily based on a certain number of estimates and assumptions, which while considered plausible by the management when they are made, are inherently subject to significant commercial, economic and competitive risks and uncertainties. We advise investors not to rely unduly on forward-looking information. The Company further declines any intention or obligation to publicly update this forward-looking information, whether due to new information, or future or other events, unless required by applicable law.

Neither the TSX Venture Exchange nor its regulation service provider (as these terms are defined in policies of the TSX Venture Exchange) bears responsibility for the adequacy or accuracy of this press release.

Investor Relations Contacts:

Dan Halvorson
Executive Vice President & CFO
OneRoof Energy Group, Inc.
858-926-7660 (Direct)
[email protected]

Karen Fisher
Vice President, Investor Relations & Compliance
OneRoof Energy Group, Inc.
858-926-7541 (direct)
[email protected]

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SOURCE OneRoof Energy Group, Inc.