TORONTO, ONTARIO--(Marketwired - Dec. 13, 2016) - Findev Inc. (TSX VENTURE:FDI) (today announced that it has granted stock options to acquire up to 1,450,000 common shares of the Corporation to certain of its directors and officers. The options have an exercise price of $0.60 per common share and expire on the eighth anniversary of the date of grant. The options vest in 4 equal quarterly installments. The Corporation's 10% rolling stock option plan currently allows for up to 2,864,744 common shares to be reserved for issuance under the plan. There are currently 1,589,986 common shares reserved under options outstanding, leaving 1,274,758 common shares that may be reserved for future issuance under the stock option plan. The stock option grant is subject to regulatory approval.
On behalf of the Company,
Sruli Weinreb, CEO
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.
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Although the forward-looking statements contained in this document are based upon what we believe are reasonable assumptions, we cannot assure investors that our actual results will be consistent with these forward-looking statements. We assume no obligation to update or revise these forward-looking statements to reflect new events or circumstances, except as required by securities law.