STE-MARIE DE BEAUCE, QC, June 23 /CNW Telbec/ - Management of GBO Inc. ("GBO" or "the Company"; ticker symbol GBO/ TSX Venture) announces that the Board of Directors has granted certain Company employees a total of 50,000 stock options. The options were granted at the exercise price of $0.185 per unit, which corresponds to the price of GBO shares at the close of markets on June 21, 2010. All options will expire on June 21, 2020.
Founded in 1946, GBO Inc. is an important Canadian window and door manufacturer. The Company designs, develops, manufactures, markets and distributes a selection of mid-range and high-end energy-efficient wood window arrangements, doors and accessories, sold primarily under the "Bonneville" and "Polar" brands. Recently, GBO launched a line of innovative fenestration products resistant to hurricanes and other impacts. The Company sells its windows and doors to the home improvement and construction markets in Quebec, Ontario, the Maritimes and the Eastern United States. GBO mainly serves independent building material distributors, distributors specializing in windows, doors and millwork, certain retailers, as well as construction and renovation contractors.
SOURCE GBO INC.
For further information: For further information: Christopher M. Wood, Chairman of the Board and Chief Executive Officer, (418) 387-7723; Source: GBO Inc.