Sabre Graphite Corp.

June 19, 2013 16:30 ET

Sabre Graphite Corp. Announces Option Grant

CALGARY, ALBERTA--(Marketwired - June 19, 2013) - Sabre Graphite Corp. ("Sabre") (TSX VENTURE:SAG) announces it has approved the grant of an aggregate of 1,350,000 options to its directors, officers, and consultants pursuant to its stock option plan, of which 1,200,000 were granted to directors and officers. The options have an exercise price of $0.25 per share and will expire five years from the date of grant. The stock option grant is subject to regulatory approval. The Corporation has determined that exemptions from the various requirements of TSX Venture Exchange Policy 5.9 are available for the grant of stock options to each of the individuals. The Corporation has further determined that an exemption from the various requirements of Multilateral Instrument 61-101 is available as the fair market value of the grant of options is less than 25% of the market capitalization of the Corporation.

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

  • Sabre Graphite Corp.
    David Antony
    Chief Executive Officer
    (403) 531-1710