TayCon Capital Corporation
TSX VENTURE : TYC.P

August 06, 2008 13:08 ET

TayCon Capital Corporation Announces Appointment of Paul G. Smith as Director and Chief Financial Officer

TORONTO, ONTARIO--(Marketwire - Aug. 6, 2008) - TayCon Capital Corporation ("TayCon") (TSX VENTURE:TYC.P) announced today that Paul G. Smith has been appointed as a director of TayCon effective August 6, 2008 to fill a vacancy on the Board of Directors. Mr. Smith has simultaneously been appointed as the Chief Financial Officer ("CFO") of TayCon. The Board of Directors also today granted Mr. Smith a total of 67,792 options to purchase shares of TayCon at the exercise price of $0.30 per common share pursuant to TayCon's stock option plan (the "Option"). The Option has a term of five (5) years from the date of grant.

Morgan Cowl commented " Paul previously served as both a director and CFO of TayCon until circumstances compelled him to resign. We welcome him back to TayCon and look forward to his contributions to TayCon's vision, development and growth."

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

Contact Information

  • TayCon Capital Corporation
    Morgan Cowl
    President, CEO and Director
    (416) 704-0660