ACT360 Solutions Ltd.
TSX VENTURE : AKM

ACT360 Solutions Ltd.

April 16, 2015 15:45 ET

ACT360 Solutions Announces Stock Option Grant and Adopts On-Market Employee Share Purchase Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 16, 2015) - ACT360 Solutions Ltd. (the "Company" or "ACT360 Solutions") (TSX VENTURE:AKM), a global provider of Online Customer Acquisition software and services, announces the grant under its Stock Option Plan of stock options to purchase an aggregate of 530,000 common shares of the Company at an exercise price of $0.10 per share for a term of three years. The stock options were granted to certain directors, officers, and a consultant of the Company and are subject to any necessary regulatory approvals.

The Company also announces that its board of directors has approved an on-market Employee Share Purchase Plan (the "ESPP"). The ESPP has received conditional approval from the TSX Venture Exchange.

Under the ESPP, officers and employees of ACT360 Solutions are able to contribute up to 5% of their annual salary into a pool, of which ACT360 Solutions will provide a matching contribution equal to 50% of a participant's contribution. In total, a maximum number of 560,000 shares may be purchased by participants under the ESPP. In addition, directors will be entitled to contribute up to one-half of their monthly directors' fees, however, ACT360 Solutions will not provide any matching contributions on director purchases.

All purchases will be made through the TSX Venture Exchange by a third party plan agent. The third party plan agent will also be responsible for the administration of the ESPP on behalf of ACT360 Solutions and the participants. The ESPP requires that the plan agent make all purchases at prevailing market prices.

The ESPP is subject to shareholder approval at ACT360 Solutions' next Annual General Meeting.

About ACT360 Solutions Ltd.

ACT360 Solutions is a global provider of Online Customer Acquisition software and services. We acquire, manage, and build Online Customer Acquisition businesses that address the specific client acquisition needs of our customers in particular vertical markets.

FORWARD-LOOKING STATEMENTS: Except for statements of historical fact, all statements in this news release - including, without limitation, statements regarding future plans and objectives of ACT360 Solutions Ltd. - are forward-looking statements that are subject to various risks and uncertainties. Forward-looking statements are based on current expectations and analyses, including the effects of anticipated product, service, and distribution changes and the potential benefits of such efforts and activities on the Company's results of operations in future periods. There can be no assurance that such statements will prove to be accurate; actual results and future events could differ materially from those anticipated in such statements.

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.

Contact Information

  • ACT360 Solutions Ltd.
    Vincent Wong
    President
    (604) 638 1553, ext. 1
    www.act360.com