VITREOUS CAPITAL INC.
TSX VENTURE : VCI

December 21, 2006 18:26 ET

Vitreous Capital Inc. Announces Stock Option Grant

CALGARY, ALBERTA--(CCNMatthews - Dec. 21, 2006) -

(NOT FOR DISSEMINATION TO THE US OR TO US NEWSWIRES)

Vitreous Capital Inc. (the "Corporation") (TSX VENTURE:VCI) announces that, in accordance with the Corporation's stock option plan, the Corporation has granted stock options to purchase 470,000 common shares of the Corporation at an exercise price of $2.11 to certain directors, officers and employees of the Corporation. These stock options expire five (5) years after the date of issuance and vest one-third (1/3) on December 21, 2006, one-third (1/3) on December 21, 2007 and one-third (1/3) on December 21, 2008.

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

Contact Information

  • Vitreous Capital Inc.
    Pat Cashion
    President
    (403) 616-2773