Eurotin Inc.

May 04, 2011 14:54 ET

Eurotin Inc. Announces Appointments and Grant of Stock Options

TORONTO, ONTARIO--(Marketwire - May 4, 2011) - Eurotin Inc. (TSX VENTURE:TIN) ("Eurotin" or the "Company") is pleased to announce that the board of directors of the Company has appointed John Hick as the independent Chairman of the Board and Harvey McKenzie as Corporate Secretary. Mr. McKenzie also currently serves as Eurotin's Chief Financial Officer.

In addition, the Company announces that, pursuant to the terms of its stock option plan, Eurotin has granted an aggregate of 1,5000,000 incentive stock options to its directors, officers, employees and consultants.

Each option entitles the holder thereof to purchase one common share at an exercise price of $1.05, representing the closing price of Eurotin's common shares on the TSX Venture Exchange on May 3, 2011, in accordance with the terms of the Company's stock option plan. The options are exercisable for up to 5 years from the date of grant.

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

  • Eurotin Inc.
    David Danziger
    (416) 626-6000