News out in the form of an 8-k, MVTG made two hires. The hirings seem contingent upon receiving the CAD research grants. Seems Mantra is fairly confident they will be receiving it then?
"On October 10 and October 17, 2013, our company’s subsidiary, Mantra Energy Alternatives Ltd. (“MEA”) entered into employment agreements with Amin Aziznia and Sona Kazemi, whereby Mr. Aziznia and Mrs. Kazemi have each agreed to perform services as a Senior Process Engineer of MEA for a term of one (1) year. As compensation for services rendered, Mr. Aziznia and Mrs. Kazemi shall each receive base gross remuneration of $65,000 per annum with an increase to $70,000 per annum subject to receipt by MEA of an Industrial Research & Development Fellowship from the Natural Sciences and Engineering Research Council of Canada (the “NSERC IRDF Grant”). The compensation is payable in twelve (12) equal monthly installments. In addition, we will grant to each Mr. Aziznia and Ms. Kasemi 100,000 stock options to acquire up to 100,000 common shares of our company at a purchase price of $0.10 per share. These options are non-transferrable, vest immediately and expire upon the earlier of 24 months, or upon termination of the employment agreements. The agreements will be immediately terminated if MEA does not receive the NSERC IRDF Grant..
The description of the employment agreements contained in herein are a summary and are qualified in its entirety by reference to the copies of the employment agreements are attached hereto as exhibits, and which are incorporated herein by reference."
