SOURCE: Pearl River Holdings Limited

May 11, 2017 13:55 ET

Pearl River Announces Grant of Stock Options

LONDON, ON--(Marketwired - May 11, 2017) - Mr. George Lunick CEO of Pearl River Holdings Ltd. ("Pearl River") (TSX VENTURE: PRH) announced today that, subject to regulatory approval, it has granted a total of 2,730,000 options to purchase common shares of Pearl River to directors, officers and employees of Pearl River and its subsidiary, with an exercise price of $0.35 and an expiry date of May 11, 2022. Pearl River has determined that there are exemptions available from the various requirements of TSX Venture Policy 5.9 and Multilateral Instrument 61-101 for the issuance of these options (Formal Valuation - Issuer Not Listed on Specified Markets; Minority Approval - Fair Market Value Not More Than $2,500,000).

About Pearl River

Pearl River Holding, through its subsidiary, the principal business is the manufacturing and distribution of plastic products in China, Australia and the United States of America.

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

  • For further information please contact:
    George Lunick
    CEO
    T: (519) 645-0267
    E: george@lunick.ca