Botaneco Announces Resignation of Director Michael Stangel, Grant of Option and Issuance of Common Shares
2012年5月23日 - 9:00AM
PR Newswire (Canada)
QUEBEC CITY, May 22, 2012 /CNW/ - Botaneco Corp. ("Botaneco" or the
"Corporation") , a health science company focused on natural
ingredients in the personal care industry, announces that Michael
Stangel, former President and Chief Executive Officer of the
Corporation, has tendered his resignation from the Board of
Directors. As part of the termination arrangement with Mr. Stangel
with respect to the termination of his employment in November 2011,
the Corporation has agreed to issue to Mr. Stangel 235,294 Common
Shares of the Corporation (the "Common Shares") at an issue
price of $0.085 per Common Share and 200,000 stock options. The
stock options have an exercise price of $0.10 and are governed by
the Stock Option Plan of the Corporation. Therefore, the stock
options will cease to be exercisable 90 days after the resignation
of Mr. Stangel from the Board of Directors. The issuance of the
Common Shares was approved by the TSX Venture Exchange Inc. About
Botaneco Corp. Botaneco Corp. specializes in personal care, food
and nutraceutical ingredients. We are committed to developing
groundbreaking ingredients based on our patented technologies, and
offering multifunctional, tangible and documented benefits to
formulators and consumers alike. Botaneco is a global
developer and marketer of innovative technologies that help
manufacturers meet the consumers growing demand for natural,
environmentally friendly, personal healthcare products. A
competitive advantage to Botaneco's patented technology over
traditional products in the 'green sector' is the ability to
significantly enhance the performance and versatility of these skin
and hair care products. The company has also been awarded the
Canadian Agri-Food Award of Excellence for its flaxseed technology
marketed in the natural food industry. Botaneco holds patents
for its HydresiaÒ Oleosome, VegelatumÒ Gel, DermylexÒ Whey Protein
and Flaxseed De-hulling technology. 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. Botaneco Corp.
CONTACT: Murray BruceCFOBotaneco Corp.(403)
668-4612brucem@botaneco.ca
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