PERRY, Fla.--(BUSINESS WIRE)--Security Devices International Inc. (TSX-V:SDZ) (OTCBB:SDEV) Security Devices International Inc. reports that it has made the fourth and final instalment share issuance to Northeast Industrial Partners under the consulting agreement announced on June 20, 2016. SDI issued 534,941 common shares at a deemed price of CAD$0.1275 per share to satisfy the payment of USD $50,000 due on May 15, 2017. The shares are subject to a four-month hold period expiring on September 16, 2017.
The Company furthermore announces the issuance of 970,000 options under the SDI option plan to specified management and board of directors. These options have an expiry date of May 25, 2022 with an exercise price of CAD$0.20.
About Security Devices International Inc.
SDI is a technology company specializing in the areas of Military, Law Enforcement, Corrections, and Private Security. The Company develops and manufactures innovative, less lethal equipment and munitions that are safe, effective, and reliable.
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