Fareport Grants Stock Options.TORONTO -- Fareport Capital Inc. (TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension VENTURE:CAB) announced today that it has granted 700,000 incentive stock options to five directors and one employee. The options were granted at an exercise price of $0.11 per common share and are exercisable for a period of five years. The options are subject to vesting provisions and the grants are subject to regulatory approval. All common shares issuable upon exercise of the options are subject to a four-month hold period from the date of grant of the options. Neither 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. , nor any other securities Regulatory Authority Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities has approved or disapproved of the contents of this news release. Fareport cannot guarantee that any forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. contained in this news release will materialize. Nor is it possible for Fareport to commit itself to updating information about risks and other factors pertaining per·tain intr.v. per·tained, per·tain·ing, per·tains 1. To have reference; relate: evidence that pertains to the accident. 2. to its business that might appear in this or any other public disclosure documents. Issued Capital: 35,655,281 Common Shares |
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