GREY:COTQF - Post by User
Post by
jcjohn36on Jun 12, 2008 9:15am
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Post# 15176295
nice price on these options
nice price on these optionsCritical Outcome Technologies Inc. Announces the Issuance of Stock Options
Wednesday June 11, 6:01 pm ET
LONDON, ONTARIO--(Marketwire - June 11, 2008) - Critical Outcome Technologies Inc. (TSX VENTURE:
COT -
News) announced today, that at its Board meeting of June 10, 2008 the Board of Directors approved the granting of 335,679 stock options to its eight Directors under the Company's Stock Option Plan as a retainer for their service on the Board and its committees during fiscal 2008. The options vest immediately, have a life of five years and are exercisable at a price of $0.75 per share. The exercise price represents the closing price of the Company's common shares on June 9, 2008, as reported on the TSX Venture Exchange.
"The use of stock options to compensate the board members allows us to conserve our cash as we move forward with our drug development plans and demonstrates the Directors' belief and commitment to the company's future," advised company Chairman and CEO, Mr. John Drake.