Cypango Ventures - Stock Options.VANCOUVER Vancouver, city, Canada Vancouver, city (1991 pop. 471,844), SW British Columbia, Canada, on Burrard Inlet of the Strait of Georgia, opposite Vancouver Island and just N of the Wash. border. , British Columbia--(BUSINESS WIRE)--April 3, 1996-- Cypango Ventures Ltd. (the Company) wishes to announce that regulatory approval will not be sought to the grant of incentive stock options for the purchase of 640,000 shares of the Company at $1.03 per share, as announced by news release dated February February: see month. 7, 1996. Instead, the Company will seek regulatory approval to the grant of director and employee incentive stock options for the purchase of, in the aggregate, 621,565 shares of the Company. The Options will be exercisable at $1.85 per share for a two (2) year period from the date hereof here·of adv. Of this. hereof Adverb Formal or law of or concerning this Adv. 1. hereof - of or concerning this; "the twigs hereof are physic" . The Company wishes to announce further that it will seek regulatory approval to the issuance of 225,000 escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. shares and to a transfer within escrow. CYPANGO VENTURES LTD. William D. Friesen, President 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 news release. CONTACT: Cypango Ventures Ltd. William D. Friesen, 604/688-6306, 1-800-545-7214 |
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