April 04, 2014 17:10 ET
TORONTO, ONTARIO--(Marketwired - April 4, 2014) - Grenville Strategic Royalty Corp. (TSX VENTURE:GRC) ("Grenville") today announced that it has granted options to acquire an aggregate of 1,500,000 common shares of Grenville to the directors and certain officers of the company. All of the options are exercisable at a price of CDN $0.50 per common share and vest quarterly in equal tranches, with the first 25% of the options vesting on the grant date. The options have a term of 5 years and are subject in all respects to the terms of Grenville's stock option plan.
Grenville is a Toronto-based company that was formed to provide royalty-based finance solutions by acquiring revenue streams generated by growing industrial and technology businesses. Grenville has identified a large and underserviced finance market for companies generating up to $50 million in revenue, many of which are well managed and generating improving cash flow, but face difficult financing hurdles from traditional debt and equity markets. The non-dilutive royalty financing structure offered by Grenville can bridge the financing needs of these companies until traditional debt or equity is available to them on more attractive commercial terms. The application of Grenville's royalty financing structure into sectors not traditionally serviced by royalty companies represents a new and innovative financing model - Capital Simplified - that has already attracted a considerable number of opportunities with attractive return potential.
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.
Grenville Strategic Royalty Corp.William (Bill) R. TharpPresident and Chief Executive Officer(416) 777-0383
See all RSS Newsfeeds