SOURCE: Macro Enterprises Inc.

Macro Enterprises Inc.

November 30, 2016 16:58 ET

Macro Enterprises Inc. Announces Stock Option Amendment

FORT ST. JOHN, BC--(Marketwired - November 30, 2016) - The Company (TSX VENTURE: MCR) announces that the exercise prices of certain of its outstanding stock options to purchase up to an aggregate of 1,195,000 Common shares (expiring on September 26, 2019) has been reduced from $3.35 to $1.63 per share and outstanding stock options to purchase up to an aggregate of 540,000 Common shares (expiring on August 19, 2020) has been reduced from $2.35 to $1.63 per share.

The reduction of the exercise prices is subject to acceptance for filing by the TSX Venture Exchange and disinterested shareholder approval where required. The closing trade price of the Company's shares immediately preceding November 30, 2016 was $1.63 per share.

Contact Information

  • For further information please contact:

    Frank Miles
    President and C.E.O.
    Phone: (250) 785-0033

    Jeff Redmond
    C.F.O.
    Phone: (250) 785-0033