MONTREAL, April 3, 2017 /CNW Telbec/ - LGC Capital Ltd. (TSXV: QBA) ("LGC") announces that on March 31, 2017, its Board of Directors granted stock options in respect of an aggregate of 16,000,000 common shares to two officers, a director and a consultant of LGC Capital. The exercise price of the options is $0.05 per share with respect to 9,000,000 stock options, $0.10 per share with respect to 5,000,000 stock options and $0.15 per share with respect to 2,000,000 stock options, in each case greater than the closing price of LGC Capital's common shares on the TSX Venture Exchange on March 30, 2017. The stock options will expire in five years, except for the 2 million options granted to the consultant, which will expire on August 21, 2021. The stock options were granted under LGC Capital's 2016 Stock Option Plan.
About LGC (http://www.lgc-capital.com)
LGC has significant investments and joint ventures in international companies with Cuban ties, that are well positioned to grow with the Cuban economy. Sectors include the following: Oil and Gas, Sports Management, Consulting, Travel & Tourism, Events, TV & Film Production, Agricultural, Renewable Energy and Import & Export.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE LGC Capital Ltd
For further information: Company & Media Contacts, Canada contact: John McMullen, Chief Executive Officer, Tel.: (416) 803-0698, Email: [email protected]; London contact: Anthony Samaha, Chief Financial Officer, Tel.: +44 (0) 20 7440 0640; Investor Relations contact: Dave Burwell, The Howard Group Inc., Tel.: (403) 221-9015, Toll Free: 1-888-221-0915, Email: [email protected]