Bearclaw Announces Grant of Options to Directors
01 August 2014 - 9:52AM
Marketwired Canada
Bearclaw Capital Corp. (TSX VENTURE:BRL)(FRANKFURT:5BQ) announces that it has
granted options to directors pursuant to its stock option plan (the "Plan").
Options to acquire 850,000 common shares were granted to the directors and
80,000 to consultants. All of the options are for a five-year term which expires
on June 25, 2019. For each grant, 30% vests immediately, subject to a four month
hold period, 30% vests on the first anniversary of the grant and the remaining
40% vests on the second anniversary of the grant. The exercise price is $0.10
per common share. The Company's stock option plan was amended to delete a
provision that options may be granted under the Plan only within ten years from
the date the Plan was adopted by the board of directors of the Company. The
amendment was approved by shareholders at the annual general meeting of the
Company held on June 25, 2014.
The news release may contain forward-looking statements. Known and unknown risks
and uncertainties may cause actual events or results to materially differ from
those expressed or implied by any such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the polices of TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of the contents of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Bearclaw Capital Corp.
Scott M. Ross
604-682-2201
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