China Ventures Inc. Grants Stock Options; Amends Option Price of 3.25 Million Outstanding Common Shares.Business Editors/High-Tech Writers VANCOUVER, British Columbia--(BUSINESS WIRE)--April 15, 2003 China Ventures Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CHV CHV canine herpesvirus. ), announced today that, subject to regulatory approval, it has granted a total of 5,750,000 common share purchase options to two consultants (1,500,000 options) and three directors of China Ventures Inc. (4,250,000 options). These common share purchase options vest over a period of three years, with one-third vesting six months after the date of grant, one-third vesting 18 months after the date of grant and the balance vesting 36 months after the date of grant. The 5,750,000 common share purchase options are exercisable in whole or in part, at any time and from time to time after vesting, for a period of five years after the date of grant, at a price of $0.21 per common share. China Ventures Inc. also announced today that it has amended the option price of 3,250,000 outstanding common share purchase options. The previous option price of these common share purchase options ranged from CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $0.30 to CDN $0.37 per common share. The new option price of the 3,250,000 common share purchase options will be CDN $0.21 per common share. The 3,250,000 outstanding share purchase options may not be exercised until the re-pricing of the common share purchase options is approved by 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 the disinterested shareholders of China Ventures Inc. at the next annual general meeting. About China Ventures Inc. The admission of China into the WTO See World Trade Organization. and the granting of the 2008 Olympic Games to Beijing have created a significant and growing demand for education, corporate training and extended learning in China. CVI CVI C (Language) Virtual Instrument CVI Clinical and Vaccine Immunology (journal) CVI Chronic Venous Insufficiency CVI Coastal Vulnerability Index CVI Canaan Valley Institute is a Canadian-based company focused on providing these much needed educational solutions to various segments of the Chinese economy in an effort to assist in China's globalization and movement to an open market economy. CVI will continue to work with leading North American education providers and institutions to provide quality educational programs and course materials to its growing client base in China. About Today's Teachers Technology and Culture Ltd. ("TTTC TTTC Test Technology Technical Committee (IEEE) TTTC The Tibetan Tea Company (band) TTTC Too Tough to Call TTTC Trees to the Curb (band) ") TTTC is an 11-year-old educational product distribution company. Its product line includes books, software, audio and video materials, and educational training tools. This company develops teaching materials and textbooks based on the various research projects conducted by the Ministry of Education ("MOE Moe continually exasperated at Larry and Curly for their mischievous pranks. [TV: “The Three Stooges” in Terrace, II, 366] See : Exasperation ") and works very closely with educational committees at the national, provincial and local levels which approve textbooks for use in the Chinese school system. If you would like to receive press releases by email, please contract Kam Dhanjal at kam@chfir.com The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release. |
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