Russell Breweries Inc.

Russell Breweries Inc.

October 18, 2010 14:19 ET

Russell Breweries Inc. Announces an Employer Share Purchase Plan

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 18, 2010) - Russell Breweries Inc. (TSX VENTURE:RB) (the "Company") a producer of premium craft beer, announces that it has implemented an Employer Share Purchase Plan (ESPP). The purpose of the ESPP is one program that is offered under the Long Term Savings Program and is to encourage employees to invest in common shares of the Company through employee savings and to allow the Company to provide contributions as an incentive to employees through the employer contribution.

"We have received expressions of interest from employees regarding the possibility of purchasing our company's common shares," said Brian Harris, CEO, Russell Breweries Inc. "We acknowledge the need for such a plan and are pleased to announce that we are making available to all full-time employees, with six months service, an Employee Share Ownership Plan administered by Raymond James. All plan participants may purchase shares of Russell Breweries Inc. on a biweekly basis, through pre-authorized payroll deductions."

The Company further announces that it has granted incentive stock options on 100,000 common shares in its capital, exercisable for up to five years at a price of $0.10 per share pursuant to its stock option plan.

Russell Breweries Inc produces premium beers in Western Canada in breweries located in BC and Manitoba. All products are held to the highest quality standards, brewed without any preservatives, ensuring that the passion that goes into crafting the beers comes through in the taste. Russell Breweries Inc. is a public company trading on the TSX Venture Exchange under the symbol "RB".

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

Contact Information

  • Russell Breweries Inc.
    Brian Harris
    Direct Line: 778.846.2335 / Brewery: 604.599.1190
    604.596.1048 (FAX)