Telehop announces grant of options
23 March 2012 - 7:00AM
PR Newswire (Canada)
TORONTO, March 22, 2012 /CNW/ - Telehop Communications Inc.
("Telehop" or the "Company"), announces effective March 21, 2012,
the Board of Directors has granted Mr. Lawrence Cyna incentive
options to acquire up to 223,875 common shares of the Company for a
period of five years, where each stock option represents the right
to purchase one (1) common share of the Company, to be exercisable
at $0.10 per share. Mr. Cyna is currently the Chairman of the
Board of Telehop. Telehop also confirms that the 600,000 incentive
options granted to its executive officers on January 1, 2012 are
exercisable at $0.10 per share. _________________________ About
Telehop Telehop Communications Inc. , was founded and headquartered
in Toronto, Ontario, in 1993, and has grown into one of the largest
alternative telecommunications providers to both residential and
business customers. Telehop originally began offering residential
and business two-way monthly 'flat rate' calling services in the
Greater Toronto area between communities where a call would
otherwise be a long distance call. In 1994, Telehop became one of
Canada's few Equal Access Long Distance Providers, allowing it to
offer its customers full service long distance calling globally at
significantly lower rates. The Canadian Radio-television and
Telecommunications Commission ("CRTC") has licensed Telehop as a
Class "A" telecommunications carrier. Telehop's dedication
and priority is providing residential and businesses with
exceptional phone services at competitive rates without sacrificing
quality service. Neither 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 news release. Telehop Communications Inc. CONTACT:
Company Contact:Mr. Rajiv JagotaPresident and CEO(416) 494
4490rjagota@telehop.com
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