Paragon Pharmacies Limited

Paragon Pharmacies Limited

February 15, 2011 20:35 ET

Paragon Pharmacies Limited Announces Stock Option Grants

KELOWNA, BRITISH COLUMBIA--(Marketwire - Feb. 15, 2011) - Paragon Pharmacies Limited (TSX VENTURE:PGN) ("Paragon" or "the Company") announced the Board of Directors has approved the granting of stock options under its share option plan to certain officers and employees to acquire up to an aggregate of 444,828 common shares of Paragon (the "Stock Options"). 

Of those Stock Options 144,828 options shall vest over a period of three (3) years and the remaining 300,000 options shall vest at various times through January 2016, all at a price of $0.29 per share. No Stock Option may be exercised beyond five years from the date of grant. 

Paragon Pharmacies Limited is building a pharmacy with our customers in mind. Headquartered in Kelowna, BC and employing over 400 staff, Paragon currently owns and operates 19 retail pharmacies and three central fill pharmacies throughout British Columbia, Alberta and Manitoba. Paragon is a leading mid-market pharmacy, providing premier pharmacy services in a friendly, community-focused environment.

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 for the adequacy or accuracy of this release.

Contact Information

  • Paragon Pharmacies Limited
    R. Gordon Gooding, CA
    Chief Executive Officer
    (250) 868-8400
    (250) 868-8402 (FAX)