CALGARY, Sept. 11 /CNW/ - Winalta Inc. ("Winalta" or the "Company")
announces that on August 29, 2009 it granted a total of 660,000 options to
employees and insiders of the Company. 512,500 options were granted to
employees, 110,000 to Officers, and 37,500 to Directors.
Each option entitles the holder the right to acquire one common share of
the Company at an exercise price of $0.49 per share and will expire five years
from the date of issue. One quarter of the options vest per year, with the
first tranche vesting on August 29, 2010, one year from the date of grant.
Winalta Inc. is an integrated company with three main operating
divisions, Homes, Industrial, and Manufacturing. The Homes Division sells CSA
approved homes via retail centers, communities and supply arrangements. The
Industrial Division leases portable industrial accommodations and provides
construction services that include excavating, aggregate trucking and paving.
The Manufacturing Division builds CSA approved homes and portable industrial
accommodations from facilities near Spruce Grove, Alberta.
Winalta Inc. shares trade on the TSX Venture Exchange under the symbol
The TSX Venture Exchange has neither approved nor disapproved the
contents of this news release. The TSX Venture Exchange does not accept
responsibility for the adequacy or accuracy of this release.
For further information:
For further information: Business Contact, Ron Berg, President & CEO,
Winalta Inc., email@example.com, Tel: (780) 960-6900, Fax: (780)
962-9523; Austin Fraser, VP Corporate Development & Investor Relations, Tel: