Business News • MarketWire • Virtutone Networks Inc. Announces Grant of Options |
Virtutone Networks Inc. Announces Grant of Options |
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Virtutone Networks Inc. Announces Grant of Options
FORT SASKATCHEWAN, ALBERTA--(Marketwire - Sept. 16, 2011) - Virtutone Networks Inc. (TSX VENTURE:VFX) ("Virtutone" or the "Company") announces that it has granted aggregate of 1,700,000 options to certain directors, officers and employees of the Company at an exercise price of $0.10. Of the 1,700,000 options granted 920,000 options were granted to directors and executive officers and the balance was granted to employees. The options granted will vest at the rate of one-third per year commencing on the first anniversary of the grant date and will expire five years from the grant date.
View More : http://www.marketwire.com/mw/release.do?id=1562297&sourceType=3
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