ZoomerMedia Grant Stock Options
19 Febbraio 2010 - 11:28PM
Marketwired
ZoomerMedia Limited ("Zoomer") (TSX VENTURE: ZUM) is pleased to
announce that it has granted a total of 7,300,000 options to
various officers, directors, consultants and employees under the
stock option plan of Zoomer. 6,700,000 options granted to certain
directors and officers of Zoomer shall only vest upon the
completion of the asset acquisitions as further described in
Zoomer's press release dated January 25, 2010 (the "Acquisitions").
One-third such options are exercisable at $0.135 per option and
vest on the day that is one year following the completion of the
Acquisitions, one-third of such options are exercisable at $0.15
per option and vest on the date that is two years following the
completion of the Acquisitions and one-third of such options are
exercisable at $0.20 per option and vest on the date that is three
years following the completion of the Acquisitions.
Of the remaining 600,000 options, 200,000 of these options are
exercisable at $0.135 per option and vest on February 18, 2011,
200,000 of these options are exercisable at $0.15 per option and
vest on February 18, 2012 and 200,000 of these options are
exercisable at $0.20 per option and vest on February 18, 2013.
The grant of all options remains subject to regulatory
approval.
About ZoomerMedia Limited
Zoomer publishes Zoomer Magazine, the largest paid circulation
magazine in Canada for the mature market. Published nine times a
year, Zoomer Magazine has a paid circulation of approximately
180,000 and places approximately a further 30,000 copies on
newsstands.
Zoomer also derives royalty revenue through the provision of
exclusive marketing and membership services to CARP, A New Vision
of Aging for Canada.
Zoomer is also Canada's leading provider of online content
targeting the 45 plus age group. It's portfolio of web sites and
electronic newsletters delivers over 2 million page per views per
month. The key property is www.50plus.com, which offers a wide
range of information, entertainment, community connection (forums,
dating, blogs) and commerce together with four electronic
newsletters (health, money, travel, lifestyle), each of which has
over 120,000 opt-in subscribers.
Zoomer also produces and manages www.carp.ca, the online home of
CARP. With approximately 350,000 members, CARP is Canada's largest
association for the 45 plus. Zoomer also produces CARP Action
Online, an electronic newsletter for CARP members.
Neither the 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.
Contacts: ZoomerMedia Limited George Kempff Vice President and
Chief Financial Officer 416-607-7735 g.kempff@zoomermedia.ca
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