Grant of Options
June 08 2006 - 3:02AM
UK Regulatory
RNS Number:2356E
QuestAir Technologies Inc
08 June 2006
For Immediate Release 8 June, 2006
QuestAir Announces Option Grants to Directors
VANCOUVER, B.C. - QuestAir Technologies Inc. (AIM: QAR; TSX: QAR) ("QuestAir" or
the "Company") announced today that certain non-executive directors in the
Company have been granted stock options as part of their annual compensation for
serving as a director of the Company. The following directors were granted stock
options in the Company at an exercise price of Cdn $1.36:
- Harold Copping and Michael Rosenberg were each granted options to
purchase 10,000 common shares in the Company.
- Denis Connor, Chairman of QuestAir, was granted options to purchase
12,500 common shares in the Company.
All director options vest over 1 year, and are exercisable in accordance with
the terms of the Company's stock option plan.
Disclosure of the directors' option grants is made pursuant to the rules
governing the operation of AIM as established by the London Stock Exchange Plc.
-30-
About QuestAir Technologies Inc.
QuestAir Technologies, Inc. is a developer and supplier of proprietary gas
purification systems for several large international markets, including existing
markets such as oil refining, biogas production and natural gas processing, and
emerging markets such as fuel cell power plants and fuel cell vehicle refuelling
stations. The Company has joint development agreements with Exxon Mobil Research
and Engineering Company and Shell Hydrogen, and a collaboration with FuelCell
Energy. QuestAir is based in Burnaby, British Columbia and its shares trade on
the AIM Market of the London Stock Exchange Plc. and on the Toronto Stock
Exchange under the symbol "QAR".
Forward Looking Statements
Certain statements in this press release may constitute ''forward-looking''
statements which involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievements of the
Company, or industry results, to be materially different from any future
results, performance or achievements expressed or implied by such
forward-looking statements. When used in this press release, such statements use
such words as "anticipate", "believe", "plan", "estimate", "expect", "intend",
''may'', ''will'' and other similar terminology. These statements reflect
current expectations regarding future events and operating performance and speak
only as of the date of this press release. Forward-looking statements involve
significant risks and uncertainties, should not be read as guarantees of future
performance or results, and will not necessarily be accurate indications of
whether or not such results will be achieved. A number of factors could cause
actual results to differ materially from the results discussed in the
forward-looking statements.
Contact Information:
QuestAir Technologies Inc.
Andrew Hall
Director, Corporate Development and External Communications
Phone: (001) 604-453-6967
Email: hall@questairinc.com
www.questairinc.com
Canadian media contact: UK media contact:
Terry Foster Charles Ryland
James Hoggan & Associates Ben Willey
Phone: (001) 604-739-7500 Buchanan Communications
Phone: +44 207 466 5000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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