Aeroquest International Limited Announces Certain Transactions Under its Incentive Stock Option Plan.MILTON Milton, town (1990 pop. 25,725), Norfolk co., E Mass., a residential suburb of Boston, on the Neponset River; settled 1636, set off from Dorchester and inc. 1662. Granite quarries are nearby. , Ontario -- Aeroquest International Limited (Aeroquest)(TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:AQL (language) AQL - A picture query language, extension of APL. ["AQL: A Relational Database Management System and Its Geographical Applications", F. Antonacci et al, in Database Techniques for Pictorial Applications, A. Blaser ed, pp. 569-599]. ) announces the following transactions under its Incentive Stock Option Plan. Aeroquest has agreed to grant a total of 50,000 incentive stock options exercisable at a price of $0.50 per share for a period of 5 years to an insider of the company. Aeroquest wishes to announce that employees holding options to purchase 575,000 of common shares in the aggregate, at an exercise price of $2.00 per share, have each agreed to surrender one-half of their options for cancellation in exchange for the Company agreeing to lower the exercise price of each optionee's remaining options to $0.50 per share. This transaction is subject to the approval of the TSX Venture Exchange TSX Venture Exchange Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors. , and no directors or senior officers were permitted to participate in this re-pricing program. In addition to the foregoing, Waldimer Boyko, the Company's Chairman and Steve Balch, the Company's President, have agreed to surrender all of their respective incentive stock options for cancellation (175,000 and 125,000 respectively). Aeroquest International Limited (TSX VENTURE:AQL) is the parent company of Aeroquest Limited, a world leader in the development and operation of innovative and proprietary airborne airborne /air·borne/ (ar´born) suspended in, transported by, or spread by air. airborne, adj carried through the air. In health care settings, viruses or bacteria may become airborne, e.g. geophysical surveying Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. platforms servicing the mineral exploration, oil and gas, and environmental industries. More information about AQL can be found at www.aeroquestsurveys.com. The TSX Venture Exchange does not accept responsibility for the ad equacy or accuracy of the release. Aeroquest International Limited (TSX VENTURE:AQL) |
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