QUEBEC CITY, April 3, 2012 /CNW/ - Botaneco Corp. ("Botaneco" or the "Company") (TSXV: BOT), a health science company focused on natural ingredients in the personal care industry, announces that it has granted today a total of 1,175,000 stock options to management and employees.
A number of 650,000 stock options were granted to management while 525,000 stock options were granted to employees. Each stock option allows the holder thereof to acquire one common share of Botaneco until April 3, 2017 for a price of $0.10 per share. The options are governed by the stock option plan of the Company and will vest in three equal yearly instalments on the first, second and third anniversary of their date of grant.
About Botaneco Corp.
Botaneco Corp. specializes in personal care, food and nutraceutical ingredients. We are committed to developing groundbreaking ingredients based on our patented technologies, and offering multifunctional, tangible and documented benefits to formulators and consumers alike. Botaneco is a global developer and marketer of innovative technologies that help manufacturers meet the consumers growing demand for natural, environmentally friendly, personal healthcare products. A competitive advantage to Botaneco's patented technology over traditional products in the 'green sector' is the ability to significantly enhance the performance and versatility of these skin and hair care products. The company has also been awarded the Canadian Agri-Food Award of Excellence for its flaxseed technology marketed in the natural food industry. Botaneco holds patents for its Hydresia® Oleosome, Vegelatum® Gel, Dermylex® Whey Protein and Flaxseed De-hulling technology.
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 this release.
For further information:
Kevin Richardson, PhD
President & CEO Newplanet Inc