SOURCE: MediaValet, Inc.


September 07, 2016 18:00 ET

MediaValet Announces Grant of Options

VANCOUVER, BC--(Marketwired - September 07, 2016) - MediaValet Inc. (TSX VENTURE: MVP), (the "Company") announced today that it has issued 450,000 stock options to certain employees and management of the Company. The options are being offered in conformance with TSX Venture Exchange regulations as incentive compensation. The options have a term of five years and an exercise price of $0.10 per share.

Following the issuance, the Company has 7,607,330 incentive stock options outstanding. As approved at the June 16, 2016 annual general meeting, the Company's Stock Option Plan allows the Board to issue the equivalent of up to 10% of the issued and outstanding share capital of the Company on a rolling basis.

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