Benz Capital Corp.

January 20, 2015 14:05 ET

Benz Capital Corp. Announces Board Changes and Grant of Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 20, 2015) - Benz Capital Corp. (TSX VENTURE:BZ) ("Benz" or the "Company") is pleased to announce the appointment of Mr. Ronald Hall as the Company's Chair of Audit Committee and the resignation of Mr. Bill Macdonald, as Board Director, effective January 16, 2015.

"We would like to take this opportunity to thank Bill for his substantial contribution to the development of the Company from its first day," said Miloje Vicentijevic, President and CEO of Benz.

The Company today also announces that pursuant to its Stock Option Plan, it has granted incentive options to directors, officers, employees and consultants to purchase up to 1,259,690 common shares of the Company at an exercise price of $0.30 per share for a term of 10 years, expiring January 18, 2025. The options will vest and be exercisable on the basis of 25% annually commencing January 19, 2016, the first anniversary of the date of the option grant.

This news release contains statements that are forward-looking in nature and, as a result, are subject to certain risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them as actual results may differ materially from the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to obtain final acceptance of the TSX Venture Exchange. The forward-looking statements contained in this news release are made as of the date hereof, and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, except as required by law.

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 accuracy or adequacy of this release.

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