The race to 500million sharesVANCOUVER, BRITISH COLUMBIA--(Marketwire - July 30, 2009) - Finavera
Renewables Inc. ('Finavera Renewables' or the 'Company') (TSX VENTURE:FVR)
announced today that the Company has granted 8,566,080 incentive stock
options to certain directors, officers and consultants. The share purchase
options entitle the holders to purchase up to 8,566,080 common shares of
the capital stock of the Company at a price of $0.10 per share for a period
of five years.
8,000,000 of the options are subject to the following vesting provisions:
20% upon grant, and 20% every six (6) months thereafter until fully vested.
The issuance of these options is subject to the approval of the TSX Venture
Exchange.