Focus Amends Stock Option Plan and Grants Options
23 Diciembre 2011 - 9:57AM
Marketwired
Focus Metals Inc. ("Focus Metals" or "Corporation") (TSX
VENTURE:FMS) announces today that it has approved an amendment to
its stock option plan (the "Plan") in order to increase the number
of common shares reserved for issuance under the Plan from
6,143,434 to 8,364,117, being 10% of the Corporation's issued and
outstanding common shares. The increase is subject to regulatory
approval.
Furthermore, the Corporation announces that it has granted a
total of 1,900,000 options at an exercise price of $0.71 until
December 22, 2016, of which an amount of 200,000 has been granted
to a consultant of the Corporation and 1,700,000 has been granted
to the following directors and officers of the Corporation: Gary
Economo (1,000,000), Jeff York (500,000), Francis Pomerleau
(100,000) and Judith Mazvihwa (100,000). The options are subject to
regulatory approval and may not be exercised until such approval
has been received by the Corporation.
About Focus Metals Inc.
Focus Metals Inc. is an emerging mid-tier junior mining company,
a technology solutions supplier and a business innovator. It is the
owner of the highest-grade (15.7%) technology graphite resource in
the world. The company's goal is to assume a dominant industry
leadership position by becoming the lowest-cost producer of
technology-grade graphite. As a technology-oriented enterprise with
a view to building long-term, sustainable shareholder value, Focus
Metals is invested in the development of graphene applications and
patents through Grafoid Inc.
Neither 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.
Contacts: Gary Economo President and Chief Executive Officer
613-691-1091 ext. 101
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