Crew Development: Incentive Stock Options to Directors, Officers and Employees.VANCOUVER, BRITISH COLUMBIA--(BUSINESS WIRE)--Oct. 28, 1998-- Crew Development(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CRU.) (VSE See DOS/VSE. VSE - Virtual Storage Extended :CRU.) (FRANKFURT:KNC KNC Knowledge Navigation Center KNC Kensey Nash Corporation KNC Kawan Ng Cordero (Philippines: Flock of Lamb) .F) Effective October 21, 1998, the Board of Directors of Crew Development Corp. granted a total of 650,000 incentive stock options to directors, officers and employees of the Company. Subject to regulatory approval, the options will be exercisable at a price of $1.00 per share, until October 21, 2003. The Board also amended the exercise price for 1,735,000 previously granted stock options to directors, officers and employees of the Company. Subject to regulatory approval, the new exercise price will be $1.00 per share. The repricing Repricing To change the price of an asset. In derivatives, it sometimes refers to the exchange of options of with different strike prices. repricing and grant of options to the officers and directors are subject to the approval of the shareholders of the Company. John M. Darch, President This News Release was prepared by the Board of Directors on behalf of Crew Development Corp. which is solely responsible for its contents. |
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