WELLAND, ON, Oct. 3 /CNW/ - Added Capital Corp. (TSX-V: LS) ("Added")
announced today that, subject to receipt of required regulatory approvals, it
granted stock options under its 10 per cent rolling Stock Option Plan to newly
appointed Director Norm Findlay to acquire up to 150,000 common shares in the
capital of the Company (the "Stock Options"). The exercise price of the Stock
Options is $0.20 per share. The Stock Options expire October 2, 2018. Ten
percent of the Stock Options vest immediately with the balance vesting as to
fifteen percent each every six months from the date of grant, subject to the
terms and conditions of the Company's Stock Option Plan.
About Added Capital Corp.
Added is the parent company of Lakeside. Lakeside, located in Welland,
Ontario, is a diversified steel pipe and tubing manufacturer. Lakeside's list
of customers includes large oil and gas, mining, automotive and commercial and
industrial supply companies. In addition to supplying its products in these
industries, Lakeside manufactures pipe and mechanical tubing for the resale
market, which is sold to distributors in Eastern Canada and the Northeastern
United States. Lakeside manufactures a variety of products for these
industries including oil well tubing and casing, mechanical tubing, pressure
tubing, automotive tubing, hollows for redraw, line pipe, heating and plumbing
pipe, drill rod and specialty tubing. Lakeside serves customers worldwide,
either directly or indirectly, in Canada, Australia and the United States.
For further information:
For further information: Kyler Wells, Corporate Secretary, Added Capital
Corp., Tel: (416) 644-8177, Fax: (416) 644-0271, e-mail: