SAN FRANCISCO, CA — (Marketwired) — 10/05/15 — Noble Iron Inc. (“Noble Iron” or the “Company”)(TSX VENTURE: NIR) announced an award to Nabil Kassam, the Company–s Founder, Chairman & CEO, of 500,000 stock options with a strike price of $1.30 per share and a vesting period of three years. The Company awarded 100,000 stock options to independent directors as the equity component of the Board–s compensation for 2015. The options awarded to directors have a strike price of $1.00 per share and vest immediately upon grant. The Company also awarded 10,000 options with a strike price of $1.00 and a vesting period of three years to a member of Noble Iron–s management team. All the stock options awarded have an expiration period of ten years following the date of the grant.
More information about the Company can be found at .
About Noble Iron Inc. (NIR: TSX Venture Exchange)
Noble Iron Inc. operates in equipment rental, equipment sales, and software for construction and industrial equipment users.
Noble Iron Inc.–s equipment rental and dealership operations do business under the name “Noble Iron”, and currently serve customers in California and Texas. Noble Iron offers construction and industrial equipment and accessories for rent and for sale, and is an exclusive distributor of LiuGong Construction Machinery equipment and Allied Construction Products in Southeast Texas.
Noble Iron Inc.–s software division operates under the name “Texada Software”. Texada Software offers cloud or client-based software applications for equipment rental companies, equipment dealerships, construction companies, contractors, and any construction or industrial equipment user, including mechanics, logistics and service technicians. Texada Software–s applications manage the entire equipment lifecycle, including equipment purchasing; rental & sales transactions; inventory location, utilization, maintenance and depreciation tracking; used equipment sales and disposals analysis; and inventory replenishment.
Noble Iron Inc. can be reached at 1-832-767-4424, or at .
This news release may contain forward-looking statements which reflect the Company–s current expectations regarding future events. The forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan, “estimate”, “expect”, “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. These forward-looking statements involve risk and uncertainties, including the difficulty in predicting acceptance of and demands for new products, the impact of the products and pricing strategies of competitors, delays in developing and launching new products, fluctuations in operating results and other risks, any of which could cause results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. Many risks are inherent in the industries in which the Company participates; others are more specific to the Company. The Company–s ongoing quarterly filings should be consulted for additional information on risks and uncertainties relating to these forward-looking statements. Investors should not place undue reliance on any forward-looking statements. Management assumes no obligation to update or alter any forward-looking statements whether as a result of new information, further events or otherwise.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Corporate communications contacts:
Suzy Taherian
CFO
(925) 719-9124
Nabil Kassam
Founder, Chairman and CEO
(650) 766-9177
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