TORONTO, Sept. 7, 2017 /CNW/ - Itasca Capital Ltd. (TSX-V:
ICL) (the "Company" or "Itasca") is pleased to
announce the voting results from its 2017 Annual General Meeting of
Shareholders (the "Meeting") held in Toronto, Ontario on September 7, 2017. All resolutions put to
shareholders at the Meeting were duly passed, including: the
election of the Company's incumbent directors: Edward H. Benford, D.
Kyle Cerminara, John T.
Fitzgerald, Andrew McIntyre,
R. Michael Powell and Larry G. Swets, Jr. and an ordinary resolution
re-approving the Company's stock option plan.
Following the Meeting, the Board of Directors granted 80,000
options to each director, for a total of 480,000 options, under the
Company's stock option plan for a term of 10 years with an exercise
price of $1.00 per option. The stock
options granted to directors are in lieu of the directors' cash fee
that has been accrued and unpaid since the current directors were
elected in June 2016.
Neither of the TSX Venture Exchange nor its Regulation
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
SOURCE Itasca Capital Ltd.
