Tigray Cancels Stock Options and Warrants
March 14 2014 - 5:06PM
Marketwired
Tigray Cancels Stock Options and Warrants
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Mar 14, 2014) -
Tigray Resources Inc. (TSX-VENTURE:TIG) (the "Company") announces a
total of 2,630,000 incentive stock options, under its Stock Option
Plan, which were granted to certain employees, consultants and
directors of the Company have been cancelled. All of the incentive
stock options were priced at $1.31 and had an expiry date of
September 8, 2016. The optionees agreed to the Company's request to
voluntarily and unconditionally cancel the stock options.
The Company has also reached agreement with certain warrant
holders to cancel an aggregate of 141,950 share purchase warrants.
The share purchase warrants had an exercise price of $0.40 and an
expiry date of September 21, 2014. The warrant holders agreed to
the Company's request to voluntarily and unconditionally cancel
these warrants.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this news release.
Tigray Resources Inc.Nick WattersBusiness
Development604-488-9582 or Toll Free:
866-488-9582604-899-1240investors@tigray.cawww.tigray.ca
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