TORONTO, ON--(Marketwired - April 17, 2014) -
(TSX VENTURE: KEK) (OTCQX: KEEKF) announces the grant of stock options to purchase 6,350,000 common shares to certain directors and officers pursuant to the its stock option plan. Pursuant to the stock option plan, the options vest over a 30 month period from the date of grant and are eligible for exercise as to 10% immediately, 10% after six months from date of grant, and 20% every six months thereafter. The options are exercisable at a price of $0.16 per share and expire April 16, 2019.
Keek combines video and text to create a new kind of social network -- easy to use, fast and personal. With Keek, users around the world create and interact with videos up to 36 seconds in length, and 111 characters of accompanying text, in either public or private views. Keek makes it easy for anyone to instantly create, distribute, discover and react to content in real-time across web and mobile devices. The Keek app is available in over 190 countries across 6 global regions, and in up to 36 languages, with no particular geographic area contributing more than 25% to the total user community. Keek's platform is developed for iPhone, Android, Windows Phone 8 and Blackberry 10. The Keek platform also allows users to link to other social networks, including Facebook, Twitter, Tumblr, Instagram, Google+, and Line. Users include celebrities, brands, athletes, journalists, sports teams and media outlets.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this Release.