VANCOUVER, British Columbia, Oct. 12, 2018 — Sharc International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC” or “the Company”) wishes to clarify the disclosure in the news release titled “SHARC ANNOUNCES GRANT OF STOCK OPTIONS” disseminated by the Company on October 12, 2018.
Specifically the Company made the representation that: “exercise price of $0.041 per stock option.”
This representation is not correct and the corrected disclosure is as follows:
The stock options will vest at 1/3 on grant, 1/3 on year one anniversary, and final 1/3 on the second year anniversary and will be exercisable for a period of three years at an exercise price of $0.40 per stock option.
About SHARC International Systems
SHARC International Systems Inc. is a world leader in thermal heat recovery. SHARC™ technology systems recycle thermal energy from wastewater, generating one of the most energy efficient and economical systems for heating, cooling & hot water preheating for commercial, residential and industrial buildings. SHARC is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA).
ON BEHALF OF THE BOARD
“Lynn Mueller” Chairman and Chief Executive Officer
For further information, please contact:
Investor Relations Jeff Walker The Howard Group Phone: (888) 221-0915 or (403) 221-0915 Email: [email protected]
Jamie Hyland SHARC International Systems Inc. Telephone: (604) 442-2425 Email: [email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified by the use of words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC’s actual results could differ materially from those anticipated in this forward-looking information as a result of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof, and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required by applicable securities legislation.