Perry Dellelce

August 24, 2007 12:21 ET

Perry Dellelce

TORONTO, ONTARIO--(Marketwire - Aug. 24, 2007) - Perry Dellelce ("Dellelce") announces that he has been granted 240,000 incentive stock options (the "Options") to acquire common shares of NXA Inc. (the "Issuer") on August 21, 2007. Each Option is exercisable to acquire one common share of the Issuer at an exercise price of $0.10 per share for a period of five years from the date of issuance. The Options are subject to a vesting schedule. Assuming conversion of all convertible securities held by Dellelce (including 300,702 incentive stock options which have not yet vested and are not exercisable as of today's date), and further assuming no other convertible securities of the Issuer are converted and no securities are issued from treasury of the Issuer, the securities currently held by Dellelce represent approximately 18.6% of the issued and outstanding common shares of the Issuer. In the absence of such conversion, the common shares currently held by Dellelce represent approximately 7.96% of the issued and outstanding common shares of the Issuer.

Dellelce holds the Options and other securities of the Issuer for investment purposes and may from time to time acquire additional securities of the Issuer, dispose of some or all of the existing or additional securities he holds or will hold, or may continue to hold his current position.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Perry Dellelce
    Wildeboer Dellelce Place, Suite 800
    365 Bay Street, Toronto, Ontario, M5H 2V1
    (416) 361-5899
    (416) 361-1790 (FAX)