Business NewsMarketWire • Knightswood Financial Corp.: Repricing of Stock Option Approved by Shareholders

Knightswood Financial Corp.: Repricing of Stock Option Approved by Shareholders

Knightswood Financial Corp.: Repricing of Stock Option Approved by Shareholders

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 9, 2010) - Knightswood Financial Corp. (TSX VENTURE:KWF) announced today that it had obtained disinterested shareholders' approval for stock option repricing at yesterday's annual general meeting of shareholders of the Company. Subject to the approval of the TSX Venture Exchange, outstanding options for the purchase of an aggregate of 493,864 common shares of the Company, having exercise prices between $0.11 and $0.20 per share and expiry dates in 2012 and 2013, will be repriced to an exercise price of $0.10 per share. None of the repriced stock options may be exercised at the amended stock option price pending TSX Venture Exchange's acceptance of the stock option repricing.

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