ePower Metals Inc. adds Dr. Gregg C. Bruce to its Board of Directors and grants incentive stock options
December 12, 2017
Vancouver, British Columbia, December 12, 2017 – ePower Metals Inc. (the “Company” or “ePower”) (TSX.V: EPWR) announces today the appointment of Dr. Gregg C. Bruce to the Board of Directors of the Company and the grant of incentive stock options.
Michael Collins, President & CEO stated “ePower welcomes Dr. Bruce to our Board, and I look forward to working with Gregg. I believe his expertise in the Lithium Ion battery space will be very valuable to the Company and shareholders as we focus on the development of lithium-cobalt battery related metals deposits in Idaho and globally”.
Dr. Gregg C. Bruce graduated with a Ph.D. in chemistry from the University of Victoria in British Columbia in 1989 and started work as Project Manager for the USAF large rechargeable Lithium cell development program in 1992. The timing of this initial assignment was fortuitous since it coincided with commercialization, by Sony in 1991, of the Lithium Ion battery. The performance of the cells developed under this program was a very important initial step in the development of large Lithium Ion cells for space and defense applications. It was during this period where Dr. Bruce was recognized as one of a handful of North American Lithium Ion technical experts.
For the past seventeen years Dr. Bruce has been involved in the development and manufacture of Lithium Ion batteries for implantable medical applications. During the same period of time Dr. Bruce has also been involved in the commercialization of Li/MnO2 cell chemistry producing the “Micro Battery”, the world’s smallest implantable medical battery using Li/MnO2 cell chemistry. More recently Dr. Bruce’s work has focused on Li/CFx-MnO2 battery technology and this work has resulted in the award by the US Army for the production of the BA-5790/U battery for man portable devices.
The Company announces the resignation of William Hughes from the Board of Directors. “On behalf of the board, I would like to thank William for his contributions to our Company and to wish him the very best in his future endeavors”, states Michael Collins, President & CEO.
The Company also announces the grant of incentive stock options under the Company's stock option plan to directors, officers, employees and consultants of the Company to purchase up to an aggregate of 2,225,000 treasury shares. The options are exercisable at a price of $0.68 per share for a period of three years, and are subject to the policies of the TSX Venture Exchange and the Company’s stock option plan.
ON BEHALF OF THE BOARD OF DIRECTORS
President and CEO
For further information, please contact:
ePower Metals Inc.
501 - 525 Seymour Street, Vancouver BC, V6B 3H7
Telephone: (604) 764-7094
Facsimile: (604) 568-7608
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