Galvanic Applied Sciences Announces Grant Of Options
March 19 2012 - 8:08AM
PR Newswire (Canada)
CALGARY, March 22, 2012 /CNW/ - The Directors of Galvanic
Applied Sciences Inc. (the "Company") announces the grant of
incentive stock options to acquire an aggregate of 90,000 common
shares to the Chief Executive Officer of the Company pursuant to
the Company's Stock Option Plan. The options are exercisable at a
price of $0.72 per common share, have an expiry date of March 20,
2017 and vest equally over three years on the anniversary date of
the grant. This issue represents .57% of the Company's current
issued and outstanding shares. The Company's Stock Option
Plan received approval of shareholders at the Company's
annual and special meeting held on August 26, 2010. The aggregate
number of common shares that may be issued pursuant to the exercise
of options awarded under the Stock Option Plan and all other
security based compensation arrangements of the Company is 10% of
the common shares issued and outstanding from time to time.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release. The
news release may contain forward-looking information. Actual future
results may differ materially from those contemplated.
Galvanic Applied Sciences Inc. CONTACT: Helen Cornett, Chief
Executive Officer, Telephone: (403)252-8470, Fax:(403) 255-6287,
email: info@galvanic.com, website: www.galvanic.com
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