Galvanic Applied Sciences Announces Grant of Options
2012年7月25日 - 8:25PM
PR Newswire (Canada)
CALGARY, July 27, 2012 /CNW/ - The Directors of Galvanic Applied
Sciences Inc. (the "Company") announces the grant of incentive
stock options to acquire an aggregate of 150,000 common shares of
the company to the four non-management directors and the Chief
Executive officer pursuant to the Company's Stock Option Plan.
Peter Bourgeois, Walter Chayka, Robert Johnston and S. Grant Reeves
each received options to acquire 25,000 common shares of the
Company and Helen Cornett, CEO received options to acquire 50,000
common shares of the Company. The options are exercisable at
an exercise price of $0.96 per common share, have an expiry date of
July 26, 2017 and vest equally over three years on the anniversary
date of the grant. This issue represents .01% of the Company's
current issued and outstanding shares. The Company's Stock Option
Plan received approval of shareholders at the Company's annual and
special meeting held on August 24, 2011. The aggregate number of
common shares that may be issued pursuant to the exercise of
options awarded under the Stock Option Plan and all other security
based compensation arrangements of the Company is 10% of the common
shares issued and outstanding from time to time. The TSX
Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. The
news release may contain forward-looking information. Actual future
results may differ materially from those contemplated.
Galvanic Applied Sciences Inc. CONTACT: Helen Cornett, Chief
Executive Officer, Telephone: (403)252-8470, Fax:(403) 255-6287,
email: info@galvanic.com, website: www.galvanic.com.
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