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MONTREAL, May 27, 2014 /CNW Telbec/ - EXO U Inc. ("EXO U" or the "Corporation") (TSXV: EXO) is pleased to announce that, further to the annual general and special meeting of the Corporation held on January 22, 2014, the shareholders of the Corporation ratified, confirmed and approved the amended stock option plan of the Corporation dated November 16, 2012, as amended on June 21, 2013 and as further amended on December 13, 2013 (the "Amended Stock Option Plan"), until the next annual general meeting of the Corporation and subject to final approval by the TSX Venture Exchange.
On June 21, 2013, the Corporation amended the stock option plan to provide for, among other things, that the maximum term for an option granted under such plan be ten years. On December 13, 2013, the Corporation further amended the stock option plan to provide for, among other things, the extension of the exercise period of options in the event that the expiry date of such options occurs during a blackout period imposed by management of the Corporation, by the board of directors or by a committee of the board of directors in accordance with the Corporation's trading policy. The complete text of the Amended Stock Option Plan is included as an appendix to the Corporation's management information circular dated December 19, 2013, which can be viewed on SEDAR at www.sedar.com.
About EXO U
EXO U enables businesses and educational organizations to securely manage information and empower people to communicate their best ideas through application interoperability across desktop and mobile computing environments. We simplify the management of the entire application lifecycle, helping clients manage enterprise mobility and BYOD initiatives, ensure the security and privacy of information, increase productivity, and reduce the total cost of ownership for existing and future IT investments. The EXO U technology agnostic framework offers users a unified collaborative workspace with a unique, secure and attractive experience for current and future digital content and applications.
Disclaimer in Regards to Forward-Looking Statements
Certain statements made in this press release that are not historical facts are forward-looking statements and are subject to important risks, uncertainties and assumptions. The results or events predicted in these forward-looking statements may differ materially from actual results or events. As a result, readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking information contained in this press release represents EXO U's current expectations. EXO U disclaims any intention and assumes no obligation to update or revise any forward-looking information, except if required by applicable securities laws.
Neither 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: EXO U Inc
For further information: please visit www.exou.com; Mr. Doug McCollam, Chief Financial Officer, EXO U Inc., Phone: (514) 207-1190, E-mail: firstname.lastname@example.org