GALVANIC APPLIED SCIENCES INC ANNOUNCES GRANT OF OPTIONS

CALGARY, April 18 /CNW/ - Galvanic Applied Sciences Inc. (TSX-V "GAV") has granted incentive stock options to acquire an aggregate of 60,000 common shares to officers of the Company pursuant to the Company's stock option plan. The options are exercisable at a price of 47 cents per share, have an expiry date of April 15, 2016, and vest equally over three years on the anniversary date of the grant. This issue represents less than one percent of the Company's current issued and outstanding shares.

The Company's stock option plan received approval of the shareholders at the Company's annual and special meeting held on August 26th, 2010.  The aggregate number of common shares that may be issued pursuant to the exercise of options awarded under the stock option plan and all other security based compensation arrangements of the Company is 10 percent of the common shares issued and outstanding from time to time.

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 the release.

 

SOURCE Galvanic Applied Sciences Inc.

For further information:

Helen Cornett, Chief Executive Officer 403-258-9704

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Galvanic Applied Sciences Inc.

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