HLT Energies 2006 inc.: Signing of a New Solar Thermal Energy Sale Agreement and Corporate Information
Signing of a new solar thermal energy sales agreements
HLT, (TSX VENTURE: HES) leader in the sale of solar thermal energy, announces the recent signing of a new agreement with a company who owns many multi-residential buildings.
Once installed, the new thermal production installations will generate approximately $55 000 per year during the next 20 years. This is in addition to the revenues of $950 000 as announced in prior press releases.
REDI Reactivated
Natural Resources Canada has recently announced that the REDI program (Renewable Energy Deployment Incentive(REDI) has been funded and will continue until March 31, 2007.
Election of board of directors
Following the annual shareholders meeting, which was held in Montreal on June 28th, Andre Audet, Gerald Desourdy, Pierre Dumont, Kurt Portman, Richard Saucier and Randal Tucker were reelected to the Company's board of directors.
Furthermore, Andre Audet was elected chairman of HLT's board. He succeeds Jean La Couture, who was not a candidate for reelection to the board of directors. The board of directors thanks him profoundly for his important contribution to the Company.
Mr. Audet is the president of the Capda Capital Coporation and sits on the board of many companies, including the Brome Financial Corporation Inc. He brings forth to our board of directors significant expertise in corporate financing as well as a contact network in the business sphere.
Appointment of a new member to the board of directors
In accordance with HLT's statute, the members adopted, with unanimity, a resolution to proceed to Claude Comtois' nomination to the board of directors in order to fill the place left by Jean La Couture's vacancy.
Claude Comtois, graduate in civil engineering at Montreal's Ecole Polytechnique, is a member of the Ordre des ingenieurs du Quebec and sits on the board of many companies, including the Jacques Whitford Group Ltd (Dartmouth, N.S.), and is the chairman of the following companies: Geo-3D, Helios Group, Gestion deleguee d'infrastructure et de services urbains as well as Mont Orford Inc.
Mr. Comtois brings forth to our board of directors significant additional expertise as well as a contact network in the business sphere.
Grant of Incentive Stock Options
Montreal, July 11 2006. Within the framework of its annual stock option based compensation plan, HLT Energies 2006 Inc ("HLT" or the "Company") granted, last July the 5th, incentive stock options to directors and officers of the Company. The latter will be able to thus purchase a total of 1 115 000 common shares of the Company under HLT's current stock option plan (the "Plan") of which 875 000 were granted to officers of the Company and to a director as external advisor as well as to a former director as a special advisor. The options will vest in accordance with the vesting schedule determined by the Plan, with an expiring date of July 5th, 2011, and are exercisable at a price of $0.30 per share, being the closing price of HLT's common shares on the TSX Venture Exchange on July 4th, 2006.
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