VENDTEK SYSTEMS INC V.VSI

Technology Software - Application

"VendTek Systems Inc develops, markets, and licenses automated transaction system software and supporting technologies. Its software product, eFresh provides electronic distribution infrastructure to service providers, retailers and retail distributors."

TSXV:VSI - Post by User

VENDTEK SYSTEMS INC

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Post by TheRock07on Apr 05, 2014 4:32pm

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Post# 22416260

Option price set…ready to rumble

Share price was knee capped to qualify for 10 cent optins.

Now, the hammer is off..

SX Venture Exchange: VSI

VANCOUVER, April 4, 2014 /CNW/ - VendTek Systems Inc. (VSI - TSX Venture) (the "Company"), a developer and licensor of software for the global prepaid and financial services markets, announced that it has issued an aggregate of 1,037,500 options to certain members of its board of directors and its management as compensation for their services as directors of the Company pursuant to the Company's Incentive Stock Option Plan, subject to approval of the TSX Venture Exchange.

Each option permits the holder to acquire a common share of the Company for $0.10. One-quarter of the options granted to each individual vest on each of April 3, 2015, April 3, 2016, April 3, 2017 and April 3, 2018. The options expire on April 3, 2019.