MARKHAM, ON, Oct. 13 /CNW/ - Corbal Capital Corp ("Corbal") (TSX-V: ISD) announces that it has granted an aggregate of 625,000 stock options at an exercise price of $0.25 per share, to directors and officers of the Company on September 25th last.
The 625,000 options have a term of five years and have vesting restrictions. Ten percent of the company's 30,426,636 outstanding shares are reserved for issuance under the Company's stock option plan. This grant is subject to regulatory approval.
About Corbal Capital Corp.
Through its wholly owned subsidiary, iSign Media Corp., Corbal, with offices in Vancouver and Markham, Canada, is an advertising and marketing services provider, specializing in interactive proximity advertising solutions for advertisers and advertising agencies in the global marketplace, through the broadcasting of advertisements to consumers' cell phones via Bluetooth technology. Corbal currently has 30,426,636 common shares outstanding.
This news release may contain forward-looking statements that are based on Corbal's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and Corbal undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, except as required by law.
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 CORBAL CAPITAL CORP.
For further information: For further information: Alex Romanov, President/Chief Executive Officer, Corbal Capital Corp/iSign Media Corp., Tel: (905) 530-2481, www.isignmedia.com, Email: email@example.com