August 12, 2009 18:00 ET

Option Engages Financial Advisor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 12, 2009) - Option-NFA Inc. ("Option" or "the Company") (NEX:OPN.H) announces that it has engaged Featherstone Capital Advisors Inc. ("Featherstone") of Vancouver, British Columbia as its financial and capital markets advisor to assist the Company with its strategic direction and corporate development. The term of the engagement will be for a period of 12 months. As consideration for the engagement, Option will pay Featherstone a monthly fee of $7,000 and grant Featherstone 300,000 stock options. The exercise price of the stock options is $0.10 per share and have a term of five years.

The Company has granted stock options to acquire 800,000 shares, at a price of $0.10 per share, to directors of the Company with a term of five years from the date of grant.

The engagement with Featherstone and grant of the stock options are subject to regulatory and exchange approval.

On behalf of the Board of Directors

Blair Murdoch, CEO and President

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 of the adequacy or accuracy of this release.

Contact Information

  • Option-NFA Inc.
    Blair Murdoch
    604 925 2010