Nass Valley Announces Corporate Update

Trading Symbols
CSE: NVG
Freiverkehrsmarkt, Frankfurt: 3NVN
Germany: WKN A1JVHM/
ISIN CA6315202029
Website: www.nassvalleygateway.com

RICHMOND, BC, Nov. 1, 2016 /CNW/ - Nass Valley Gateway Ltd. (the "Company or "Nass Valley") wishes to announce that at its Annual General Meeting (the "AGM"), Messrs. Eric Peter-Kaiser, Andrew von Kursell, Dieter Peter and Milo Filgas were re-elected as directors and Manning Elliott LLP, Chartered Accountants were re-appointed as the Company's auditors. The Company's shareholders also passed the resolution ratifying the Company's stock option plan, which is a rolling 10% plan.

Following the AGM, the Board of Directors re-appointed Dieter Peter as President & CEO and Michael Kelm as Corporate Secretary of the Company and Eric Peter-Kaiser was appointed as Interim CFO. Andrew von Kursell was appointed as Chairman of the Company's Audit Committee, with Milo Filgas and Eric Peter-Kaiser also appointed to the Audit Committee.

The Company also granted an aggregate of 585,000 incentive stock options to its officers, directors and employees at an exercise price of $0.10 per share. These options are granted for a three-year period and the grant is subject to vesting provisions.

THE COMPANY SEEKS SAFE HARBOR. 

The CSE has not reviewed, and does not accept responsibility for the adequacy or accuracy of the contents of this news release.

SOURCE Nass Valley Gateway Ltd.

For further information: Dieter Peter, President & CEO, Tel.: 604-278-1132 or Michael Kelm, Corporate Secretary, Tel.: 604-278-1135


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890