LANGLEY, BC, May 11 /CNW/ - Bevo Agro Inc. (BVO:TSX-V) announces that it
has granted stock options to its directors on a total of 1,050,000
common shares of the Company at a price of $0.18 per share, exercisable
for a period of 10 years. The options will vest as to 33 1/3%
immediately, 33 1/3% after one year and 33 1/3% after two years.
The options were granted under the Company's Stock Option Plan which
reserves 2,411,900 common shares for the granting of stock options. No
other options are currently outstanding.
Bevo Agro is North America's leading supplier of propagated agricultural
plants, growing and distributing vegetable, flower, berry and other
plant seedlings to North America's growers. Bevo propagates quality
seedlings and plants for wholesale vegetable greenhouse growers, field
growers and nursery operators from its 34 acre production facility.
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release.
SOURCE Bevo Agro Inc.
For further information:
Jack Benne, President
Bevo Agro Inc.
Phone: (604) 888-0420
Fax: (604) 888-8048