TSXV:SAI.H - Post by User
Comment by
theorlandoon Jan 25, 2011 11:22pm
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Post# 18026712
RE: insider options .245
RE: insider options .245Sunshine hires Panoramic for governance, financing
2011-01-12 16:53 ET - News Release
Mr. Baojun Zhang reports
SUNSHINE AGRI-TECH ANNOUNCES SIGNING OF SERVICES AGREEMENT AND GRANT OF OPTIONS
Sunshine Agri-Tech Inc. has entered into a services agreementeffective Dec. 31, 2010, with Panoramic Development Co. Ltd. Pursuantto the agreement, Panoramic will provide corporate governance andfinancing services to the company.This transaction is a non-arm's-length transaction as Iat Wai Chan is adirector of the company and president of Panoramic.The company has also granted an aggregate of 1.2 million stock optionsto Panoramic pursuant to the agreement. Each option is exercisable at24.5 cents per common share and is exercisable at any time until Jan.10, 2016. All of the options granted today vest immediately and areexercisable in accordance with the terms of the company's stock optionplan.