Clearly Canadian grants incentive stock options.VANCOUVER, British Columbia--(BUSINESS WIRE)--Oct. 29, 1996-- CLEARLY CANADIAN BEV (VSE See DOS/VSE. VSE - Virtual Storage Extended CLV (Constant Linear Velocity) Rotating a disk at varying speeds. By changing speed depending on which track is being accessed, the density of bits in each track can be made uniform. ., NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on CLCDF.) The Company reports that it has granted incentive stock options to acquire up to an aggregate of 400,000 shares to certain officers and directors of the Company. Such stock options have been granted for a 10 year term and are exercisable at a price of $2.69 per share (based on the average closing price of the Company's shares over the preceding ten trading days, together with regulatory permitted discount). The pricing and terms of these stock options are subject to regulatory acceptance. -0- CLEARLY CANADIAN BEVERAGE CORPORATION is the registered holder of the trademark CLEARLY CANADIAN(R). CLEARLY CANADIAN BEVERAGE CORPORATION, and its wholly owned subsidiaries Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , manufacture, distribute and market CLEARLY CANADIAN(R), CLEARLY TEA(TM), CLEARLY 2(TM), CLEARLY CANADIAN QUENCHER quench tr.v. quenched, quench·ing, quench·es 1. To put out (a fire, for example); extinguish. 2. To suppress; squelch: (TM) and ORBITZ(TM) flavoured and unflavoured beverages. Through distribution and/or licensing agreements, CLEARLY CANADIAN products are sold throughout the United States, Canada, Japan, the United Kingdom, the Republic of Ireland, the Caribbean and numerous other countries worldwide. ON BEHALF OF THE BOARD OF DIRECTORS Douglas L. Mason Chief Executive Officer, President and Director -0- 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: Clearly Canadian Beverage Corporation Douglas L. Mason, 604/683-0312 or 604/683-2256 (Fax) Toll Free in U.S.A., 800/663-5658 Toll Free in Canada, 800/663-0227 |
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