VANCOUVER, Aug. 12, 2014 /CNW/ - TIO Networks Corp. (TSX-V: TNC) ("TIO"), North America's leading expedited bill payment company, announces that it has granted incentive stock options to certain of its officers, employees and consultants to purchase up to an aggregate of 572,000 common shares of TIO, exercisable until August 12, 2024 at a price of $0.83 per share, in accordance with the Company's Stock Option Plan.
Of these stock options, 200,000 were granted to an executive officer of the Company.
The number of listed shares reserved for issuance under TIO's Stock Option Plan is 5,708,876 (10% of the issued and outstanding shares of TIO).
About TIO Networks Corp.
TIO is a Multi-channel, cloud-based bill payment processor serving the largest telecom, wireless, cable, utility and property management related bill issuers in North America. TIO processes Billions of dollars of payments each year serving millions of consumers across North America. For more information visit: www.TIOnetworks.com. Join the conversation on www.twitter.com/TIONetworks or like us on www.facebook.com/TIONetworks.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE: TIO Networks Corp.
For further information: Dave Fore, Hayden IR, Tel: 206-395-2711, Email: [email protected]; John Lewis, Business Development - TIO Networks, Tel: 416-523-7086, Email: [email protected]; Richard Cheung, CFO, Tel: 604-298-4636 x265, Email: [email protected]