Growthgen Equity Inc.

May 30, 2006 16:21 ET

Press Release: Growthgen Equity Inc.

TORONTO, ONTARIO--(CCNMatthews - May 30, 2006) -

This news release is not for distribution to United States newswire services or for dissemination in the United States.

Growthgen Equity Inc. ("Growthgen") announced today that it has granted an aggregate of 425,336 incentive stock options to its directors.

Each option entitles its holder to purchase one common share at an exercise price of $0.30 over a period of 5 years from the date of grant. In accordance with the policies of the TSX Venture Exchange, all common shares issuable upon exercise of the options are subject to a four-month hold period from the date of the option grant.

This press release may contain forward-looking statements relating to expected future events and financial and operating results of Growthgen that involve risks and uncertainties. Actual results may differ materially from management expectations as projected in such forward-looking statements for a variety of reasons, including market and general economic conditions and the risks and uncertainties detailed from time to time in Growthgen's interim and annual financial statements and other continuous disclosure documents filed by Growthgen with the Canadian securities regulatory authorities. Due to the potential impact of these factors, Growthgen disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law.

Neither the TSX Venture Exchange, nor any other securities regulatory authority has approved or disapproved the contents of this news release.

Contact Information

  • Growthgen Equity Inc.
    Craig Leon
    (416) 368-4397