On June 22, 2011, a Consultant of the Company was granted an option to purchase up to 250,000 common shares in the capital of the Company exercisable at a price of $1.15 per share for a period of five years. Due to the reduction in the Company’s share price since the date of grant, and as an incentive to the optionee, the Company has elected to reduce the exercise price of the existing option from $1.15 per share to $0.83, being the closing price of the common shares of the Company on the TSX Venture Exchange on December 23, 2011.
For additional information please contact Gary Freeman or Frederic Leigh at 604-682-4750.
Ethos Capital Corp.
Gary Freeman, President & CEO
(as that term is defined in policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.