Vanouver, British Columbia (FSCwire) - Orca Touchscreen Technologies Ltd. (the “Company” or “Orca Touchscreen”) (CSE:OAA) is pleased to announce it has adopted a stock option plan (the “Plan”) and has granted to certain insiders of the Company options exercisable until July 15, 2016 to purchase a total of 600,000 common shares at an exercise price of $0.80 per share. The options will vest as to 25% every 3 months following today’s date of grant.
Insiders of the Company who have been granted options are GwanJe Woo, President & CEO as to 300,000 optionable shares; James Choi, CFO and a Director as to 200,000 optionable shares; and Seong-Mo Jeong, a Director, as to 100,000 optionable shares.
The foregoing 600,000 optionable shares represents approximately 1.5% of the 40,440,000 common shares of the Company currently issued and outstanding. The Plan allows the grant of options to purchase up to 10% of the issued and outstanding share capital of the Company on a rolling basis.
About Orca Touchscreen
Orca Touchscreen sells and distributes capacitive touchscreens to manufacturers of smartphones, tablets, laptops, mp3 players, GPS navigation systems, automobile controls, exercise equipment, educational and public information kiosks, point of sale devices, e-readers, medical devices, gaming consoles and other electronic devices. Orca Touchscreen has an exclusive worldwide license to use and sublicense all the technology and patents owned by Sollensys Corp. to make, sell and distribute touchscreen products and services. Sollensys Corp., a Korean corporation, is a global leader in innovative capacitive touch sensor technologies.
To learn more about Orca Touchscreen, visit us at www.orcatouchscreen.com. You may also view the Company’s profile and documents at www.sedar.com and www.thecse.com.
For further information, please contact:
Jong Myung (James) Choi
Chief Financial Officer and a Director
Orca Touchscreen Technologies Ltd.
Telephone: 604.880.0499
Email: jmckorea@hotmail.com
The CSE has not reviewed, approved or disapproved the content of this press release.
Forward-Looking Information:
This press release may include ‘forward-looking information’ within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by the management of the Company. Although the Company believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/orca07152014.pdfSource: Orca Touchscreen Technologies Ltd. (CSE:OAA) http://www.orcatouchtech.com/
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