Bonaventure Enterprises Inc.
TSX VENTURE : BVT
FRANKFURT : YQG

March 17, 2009 16:42 ET

Bonaventure Announces Shareholder Approval Received to Amended 20% Stock Option Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2009) - BONAVENTURE ENTERPRISES INC. (TSX VENTURE:BVT)(FRANKFURT:YQG) announces that at the Annual General Meeting held March 16, 2009, Shareholder approval was received to an amended 20% Stock Option Plan, subject to acceptance for filing by the TSX Venture Exchange. Under the Plan, the number of shares reserved for issuance was increased from 19,097,259 to 23,928,930 common shares, being 20% of the Company's issued and outstanding share capital as at January 23, 2009. The Company currently has 9,599,608 outstanding options, leaving a balance of 14,329,322 available for granting.

ON BEHALF OF THE BOARD OF DIRECTORS

Basil Pantages, Chairman

The Company's public documents may be accessed at www.sedar.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.

Contact Information

  • Bonaventure Enterprises Inc.
    Jean Lafleur, P. Geo.
    President and CEO, Director
    (604) 718-2800
    (604) 718-2808 (FAX)
    Website: www.bonaventure.us