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VANCOUVER, British Columbia, Oct. 25, 2017 (GLOBE NEWSWIRE) — Micron Waste Technologies Inc. (the “Company”) (CSE:MWM), formerly Finore Mining Inc., is pleased to announce its common shares are expected to begin trading on the Canadian Securities Exchange on October 26, 2017 under the symbol, “MWM”.
Micron Waste Technologies Inc. has developed an innovative technology that transforms organic waste into clean water that meets municipal effluent discharge standards on site. The Micron technology is targeted for supermarkets, restaurants and marijuana producers seeking to reduce costs and improve efficiency in the processing of organic waste. Micron’s technology is currently being used by a major B.C. food retailer and has been in operation since December 2016. Micron is also in advanced discussions with quick service restaurants to install the Micron Waste Systems at fast food restaurants to handle their organic waste on site. In addition, Micron is in advanced discussions with an industry leading marijuana cultivator in Canada to develop and install the Micron Waste System at their licensed cultivation facilities. For more information about Micron, please visit www.micronwaste.com. Also visit Micron’s profile on the Canadian Securities Exchange website athttp://thecse.com/en/listings/technology/micron-waste-technologies-inc.
The Company also announces that 3,825,000 stock options were granted to directors, officers, employees and contractors of the Company. The options were assigned an exercise price of $0.30 per share and are exercisable for a period of five years, subject to regulatory approval. These stock options are granted under the Company’s stock option plan.
ON BEHALF OF THE BOARD
Chief Executive Officer and Director
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The forward-looking information contained in this press release is made as of the date of this press release and, except as required by applicable law, the Company does not undertake any obligation to update publicly or to revise any of the included forward-looking information, whether as a result of new information, future events or otherwise, except as may be required by law. By its very nature, such forward-looking information requires the Company to make assumptions that may not materialize or that may not be accurate. This forward-looking information is subject to known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such information.
The Exchange does not accept responsibility for the adequacy or accuracy of this release