CALGARY
,
Dec. 23
/CNW/ - Eyelogic Systems Inc. (TSX-V: EYE.A), announced the following cancelation and grants of stock options under its approved stock options plans, in conjunction with the employment contract with incoming Chief Financial Officer, Ryan Hoult, filed on SEDAR today.
Cancelled Options
On
December 22, 2009
the Company cancelled 20,000 incentive stock options issued to Dewar McCarthy on
June 23, 2006
, and 15,000 incentive stock options issued to Dewar McCarthy on
April 25, 2007
.
Granted and issued Options
The Company granted and issued 15,000 incentive stock options to Ryan Hoult at an exercise price of
$1.85
with a grant date of
December 22, 2009
and an expiry date of
December 22, 2014
. The options will vest as to one-third upon the date of grant and one-third on each of the next two anniversaries thereafter.
Additionally, the Company announces that it had previously granted and issued 15,000 incentive stock options to
Alan Rice
at an exercise price of
$2.25
with a grant date of
April 20, 2008
and an expiry date of
April 20, 2013
. The options will vest as to one-third upon the date of grant and one-third on each of the next two anniversaries thereafter.
The Stock Options Plan was approved at the Annual General and Special Meeting of the Shareholders held on
June 18, 2009
.
THE TSX VENTURE EXCHANGE INC. HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE
For further information: Ryan Hoult, Chief Financial Officer, Tel: (403) 261-7500, Email: [email protected]
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