GALVANIC APPLIED SCIENCES INC ANNOUNCES GRANT OF OPTIONS
18 Aprile 2011 - 10:00PM
PR Newswire (Canada)
CALGARY, April 18 /CNW/ -- CALGARY, April 18 /CNW/ - Galvanic
Applied Sciences Inc. (TSX-V "GAV") has granted incentive stock
options to acquire an aggregate of 60,000 common shares to officers
of the Company pursuant to the Company's stock option
plan. The options are exercisable at a price of 47 cents per
share, have an expiry date of April 15, 2016, and vest equally over
three years on the anniversary date of the grant. This issue
represents less than one percent of the Company's current issued
and outstanding shares. The Company's stock option plan received
approval of the shareholders at the Company's annual and special
meeting held on August 26(th), 2010. 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 percent of the
common shares issued and outstanding from time to time. 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 the release.
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p Helen Cornett, Chief Executive Officer 403-258-9704 /p
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