Quantum International Income Corp.
TSX VENTURE : QIC.U
TSX VENTURE : QIC

Quantum International Income Corp.

December 10, 2014 08:27 ET

Quantum International Income Corp Announces Stock Option Grant

TORONTO, ONTARIO--(Marketwired - Dec. 10, 2014) - NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRES OR DISSEMINATION IN THE UNITED STATES

Quantum International Income Corp ("QIIC", or the "Company") (TSX VENTURE:QIC) (TSX VENTURE:QIC.U) is pleased to announce a grant of stock options pursuant to the stock option plan of the Company, ("the Grant"), whereby in connection with his employment agreement dated October 8th, 2014, the Company has granted stock options to Roy L. Booth, CFO of the Company. The Grant consists of options to acquire 500,000 common shares of the Company at an exercise price of $0.35 per share. Such options vest over 3 years with 1/3 vesting at the date of Grant, 1/3 vesting 12 months after Grant date, and the remaining 1/3 vesting 24 months after Grant date.

The Company currently has 4,452,273 shares reserved for issue under its rolling stock option plan approved on November 21, 2013, including the shares issuable pursuant to the Grant.

About QIIC

QIIC is building a portfolio of operating companies and continues to seek to expand through acquisitions. QIIC seeks opportunities to acquire and grow businesses in order to generate stable distributions for its shareholders, as well as to achieve overall capital appreciation. The Company will seek to acquire operating businesses with a proven track record, an opportunity for growth and whose management wishes to continue to operate the business going forward. Potential acquisition targets may be private or public companies in a variety of industries, thereby allowing for diversification.

Unless otherwise specified in this press release, information contained in this press release is current as of the date of this press release. Unless otherwise specified, all dollar amounts herein refer to Canadian dollars. Additional information on these and other factors that could affect the operations or financial results of QIIC and its subsidiaries are included in disclosure documents filed by QIIC with the securities regulatory authorities, available under QIIC's profile on SEDAR at www.sedar.com.

Neither 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

  • Grant White
    Chief Executive Officer
    416.477.3410

    Manu K. Sekhri
    President
    416.477.3424