WestBond Enterprises Corporation
TSX VENTURE : WBE

WestBond Enterprises Corporation

December 03, 2014 19:54 ET

WestBond Grants Stock Options

DELTA, BRITISH COLUMBIA--(Marketwired - Dec. 3, 2014) - WestBond Enterprises Corporation ("WestBond") (TSX VENTURE:WBE) announces that it has granted incentive stock options to purchase up to 2,000,000 Common shares in the capital of the Company at a price of $0.09 per share until December 3, 2019. The optionees include directors, officers and employees of WestBond.

Gennaro Magistrale, President of WestBond of 101 - 7403 Progress Way, Delta, British Columbia V4G 1E7, was granted options to purchase up to 675,000 Common shares, which represent approximately 2.0% of the issued and outstanding shares of WestBond.

If all of the 675,000 options granted to Mr. Magistrale are exercised in full and assuming no other common shares are issued by WestBond, Mr. Magistrale will own 8,115,524 common shares of WestBond, which will represent 23.6% of its outstanding common shares.

Mr. Magistrale may increase or decrease his ownership of securities of the Company from time to time.

For further information or to obtain a copy of Mr. Magistrale's early warning report filed on SEDAR at www.sedar.com pursuant to National Instrument 62-103, please contact Gennaro Magistrale via the contact information listed below.

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

  • Gennaro Magistrale
    Chief Executive Officer, President and Director
    WestBond Enterprises Corporation
    101 - 7403 Progress Way, Delta, B.C. V4G 1E7
    Tel: (604) 940-3939