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Clear Blue Technologies Announces RSU and Option Grants

DATE POSTED:September 13, 2019

TORONTO, Sept. 13, 2019 (GLOBE NEWSWIRE) -- Clear Blue Technologies International Inc. (Clear Blue or “the Company”) (TSXV: CBLU) (FRANKFURT: 0YA), the Smart Off-Grid™ company, announces that the Board of Directors has approved the grant of 487,002 incentive stock options.  416,335 were granted to directors and senior officers of the Corporation and vest over 36 months, with the balance vesting over 48 months. The options are exercisable into common shares of the Company at a price of $0.16 per share. Subject to the rules of the TSX Venture Exchange and the Company's 2019 Omnibus Equity Incentive Compensation Plan, 416,335 options have a vesting term over 3 years and 70,667 options have a vesting term over 4 years.  All options will expire on September 12, 2024.