Archangel Diamond - Stock Options Amended & Granted.VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 20, 1996-- ARCHANGEL DIAMOND CORP (VSE See DOS/VSE. VSE - Virtual Storage Extended : AAD AAD American Academy of Dermatology. AAD American Association of Dermatology ) The Company announces that it has placed restrictions on the incentive stock options recently repriced to $1.75 per share. The options may not be exercised until such time as the stock has traded at a price of not less than $6.00 per share for ten consecutive trading days. The Company also announces that it has granted 45,000 incentive stock options to employees and directors with an exercise of $2.50 and an expiry of 5 years. These new options will also be restricted as above. On behalf of the Board Bill Trenaman, Corporate Secretary The Vancouver Stock Exchange Vancouver Stock Exchange (VSE) A securities and options exchange in Vancouver, British Columbia, (Canada), specializing in venture capital companies. Vancouver Stock Exchange See Canadian Venture Exchange (CDNX). has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. CONTACT: RKH RKH Røde Kors Hjelpekorps RKH Royal Khymer Airlines, Cambodia (ICAO code) Limited Investor Relations, 416/861-3080 416/861-0418 (Fax) |
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