Abcourt Mines Inc.: Grant of Stock Options in Favor of a Director
18 Fevereiro 2014 - 6:05PM
Marketwired
Abcourt Mines Inc.: Grant of Stock Options in Favor of a Director
ROUYN-NORANDA, QUEBEC--(Marketwired - Feb 18, 2014) -
Abcourt Mines Inc. (TSX-VENTURE:ABI) (the "Company") announces
that its Board of Directors has the grant of stock options to
purchase a 300,000 Class B shares of the Company, at an exercise
price of $0.10 per share, in favor of a director that was elected
as such for the first time at the annual and general shareholders
meeting of the Company held last December 2013. These options,
valid for 5 years, were granted in accordance with the Company's
stock option plan. With this grant, the Company now has a number of
10,500,000 stock options outstanding. The Company has 182,332,419
Class B shares issued and outstanding.
The directors of the Company receive no salary and their only
remuneration is the options that they receive as such. The grant of
stock options by the Company provides its directors with a
long-term incentive for performance and commitment to the Company.
The Company believes that participation by the directors in the
stock option plan aligns their interests with those of its
shareholders, as they are rewarded for the Company's performance as
evidenced by share price appreciation. The grant of stock options
allows the Company to attract, motivate and retain qualified
individuals necessary to achieve corporate objectives of the
Company.
Neither 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 release.
Renaud HinsePresident and CEO819 768-2857 or 450 446-5511819
768-5475 or 450 446-3550rhinse@abcourt.com
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