Franchise Bancorp Inc. Grants Incentive Stock Options



    
    Stock Exchange: TSX Venture Symbol: FBI
    Outstanding Common Shares: 7,432,662
    

    BRAMPTON, ON, Oct. 16 /CNW/ - Franchise Bancorp Inc. (TSX-V: FBI)
announced today that it has granted incentive stock options to directors of
the company for the purchase of 200,000 common shares at $0.14 per share. The
options will expire on August 31, 2013. Shares issued under the stock options
are subject to a hold period expiring on February 10, 2009. These options have
been issued instead of the shares which were proposed to be issued in the
company's press release of June 6, 2008.
    Following the grant of these options, there are 200,000 shares which
could be issued upon exercise of outstanding options under the company's stock
option plan.

    
    THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
    RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
    

    %SEDAR: 00009247E




For further information:

For further information: Ted Loyst, Chairman or Paul Thomson, President,
Franchise Bancorp Inc., Phone: (905) 790-9023, Fax: (905) 790-7059, Email:
info@franchisebancorp.com

Organization Profile

FRANCHISE BANCORP INC.

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