Imperial Ginseng Products Ltd.
TSX VENTURE : IGP
TSX VENTURE : IGP.PRA.A

Imperial Ginseng Products Ltd.

October 02, 2014 16:40 ET

Imperial Ginseng Products Ltd. Announces Board Approves Amended and Restated Stock Option Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 2, 2014) - Imperial Ginseng Products Ltd. (TSX VENTURE:IGP)(TSX VENTURE:IGP.PRA.A) (the "Company" or "Imperial") announces that its Board of Directors has approved the adoption of an amended and restated stock option plan (the "New Plan"). Under the New Plan, the maximum number of common shares that may be reserved for issuance is fixed at 1,302,280, representing approximately 20% of the total issued and outstanding common shares of the Company as at October 1, 2014.

The New Plan will be subject to the approval of the TSX Venture Exchange and to obtaining shareholder approval at the Company's annual general meeting, scheduled to be held on December 12, 2014.

ON BEHALF OF THE BOARD OF DIRECTORS

Stephen McCoach, Chief Executive Officer and Director

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

  • Imperial Ginseng Products Ltd.
    Stephen McCoach
    Chief Executive Officer and Director
    (604) 689-8863
    info@imperialginseng.com