Source: ThinkGeoEnergy
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  • NXT Energy Solutions (SFD) has granted 2,050,000 incentive stock options to employees, officers and directors
  • The company granted the incentive stock options at a price of $0.216 each
  • The incentive stock options will vest upon receipt of cash for SFD services performed
  • NXT Energy Solutions Inc. is a Calgary-based technology company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system
  • NXT Energy Solutions Inc. was up 19.565 per cent, trading at $0.275 at 1:59 PM ET

NXT Energy Solutions (SFD) has granted 2,050,000 incentive stock options to employees, officers and directors.

The company granted the incentive stock options at a price of $0.216 each.

The incentive stock options will vest upon receipt of cash for SFDservices performed: 1/3 upon collection of US$6.5 million, 1/3 upon the collection of the next US$7.0 million and the final 1/3 upon collection of an additional US$7.5 million.

The company’s proprietary SFDsurvey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential.

The vesting milestones have been set to be consistent with our near-term expectations for the growth of the business. They are intended to retain and incentivize NXT’s dedicated and highly qualified team to achieve these targets.

NXT Energy Solutions Inc. is a Calgary-based technology company which offers geophysical service to the upstream oil and gas industry using its gravity-based Stress Field Detection (SFD) remote-sensing survey system.

NXT Energy Solutions Inc. was up 19.565 per cent, trading at $0.275 at 1:59 PM ET.


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