Global Gardens Announces Stock Option Grants
10 Janeiro 2017 - 7:30PM
GLOBAL GARDENS GROUP INC. (THE “COMPANY”)
(TSX-V:VGM) announces that it has granted an aggregate of
6,900,000 incentive stock options to directors, officers and
consultants of the Company, at an exercise price of $0.11 per
common share issuable on exercise of the stock options. The stock
options are exercisable for a five-year period from the date of
grant and vest immediately upon grant.
The Company approved and adopted a new “fixed”
stock option plan (the “New Plan”) on January 10, 2017. The
New Plan replaces and supersedes the Company’s previous “rolling
10%” stock option plan that was originally adopted in December
2016.
After giving effect to this stock options grant,
a total of 12,215,000 stock options will be issued and outstanding
with 1,098,900 remaining for future issuance under the Company’s
New Plan.
About Veggemo
The Veggemo product line is the first and only
non-dairy beverage to originate from vegetables and is Global
Garden Group’s (VGM) showcase product for the dairy-free industry.
Veggemo is available in 3 variants: Original, Unsweetened and
Vanilla flavors. The Dairy-free industry continues to witness
dynamic growth led by the development of plant-based food and
beverages.
About Global Gardens Group
Global Gardens Group is comprised of a highly
experienced management team and board that have provided senior
leadership to many consumer brands, corporate finance companies and
Canadian investment banks. This list includes Neilson Dairy,
Ben & Jerry’s and Haagen Dazs Ice Cream, Gillette, P&G,
Cadbury Schweppes, Sunkist, Primo Pasta, Price Waterhouse Coopers,
Desjardins Securities Inc., Orion Securities Inc., Vengate Capital,
HSBC Securities Inc. and Gordon Capital.
For further information, please contact:
Rob HarrisonPresident & CEOGlobal Gardens
Group Inc.T: 604.351.7609E: rob@globalgardensgroup.com
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 release.
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