IPICO Inc.
TSX VENTURE : RFD

IPICO Inc.

May 29, 2006 08:30 ET

IPICO Inc. Grants Stock Options

TORONTO, ONTARIO--(CCNMatthews - May 29, 2006) - IPICO Inc. (TSX VENTURE:RFD) announces the granting of 1,810,000 stock options under its Stock Option Plan of which 1,100,000 were granted to its directors and officers and 710,000 to other employees.

All options have a term of 5 years and are exercisable at a price of $1.00 per common share. All options vest as to one-third on each of the next three anniversaries of the date of grant, subject to immediate vesting in the event of a merger, take-over bid, change of control, liquidation, dissolution or disposition of substantially all assets of the company, subject to TSX Venture Exchange acceptance where applicable.

CAUTIONARY STATEMENTS:

The TSX Venture Exchange has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Contact Information

  • IPICO Inc.
    Gregory Roberts
    Chief Executive Officer
    1 (866) 824-8757
    or
    IPICO Inc.
    Gordon Westwater
    Executive Vice-President
    1 (866) 824-8759