Business News • MarketWire • Founders Advantage Capital Corp. Announces Option Grant |
Founders Advantage Capital Corp. Announces Option Grant |
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Founders Advantage Capital Corp. Announces Option Grant
CALGARY, ALBERTA--(Marketwired - July 7, 2016) - Founders Advantage Capital Corp. (TSX VENTURE:FCF) (the "Corporation") announced today that it has granted 1,802,500 incentive stock options (the "Options") pursuant to the Corporation's Stock Option Plan (the "Plan") to certain directors, officers and employees of the Corporation. The Options are exercisable at a price of $4.40 per share, the last closing price per share on the Corporation's common shares on the TSX Venture Exchange ("TSXV") on the date of the grant. The options are exercisable for a term of five years expiring on July 7, 2021 and will vest one-third immediately and one-third on the first and second anniversary dates from the date of grant, or as otherwise required by the TSXV. The grant is subject to regulatory approval.
View More : http://www.marketwired.com/mw/release.do?id=2140767&sourceType=3
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