TORONTO, May 7 /CNW/ - Valucap Investments Inc. (V-TSXV) ("Valucap") announced today that it has granted options to acquire an aggregate of 825,000 common shares at an exercise price of $0.10 per share. The options were granted to Valucap's Chief Executive Officer, Chief Financial Officer and each director. These stock options are valid for three years and have been granted in accordance with Valucap's Stock Option Plan (the "Plan"). Valucap is eligible to issue up to 10% of its issued and outstanding common shares at any time under the Plan and there are currently 2,862,552 common shares reserved for issuance under the Plan of which 2,037,552 common shares remain available for issuance under the Plan.
The grant of the stock options is subject to the approval of the TSX Venture Exchange.
Valucap is an investment issuer and is interested in acquiring influential positions in venture stage Canadian technology companies. Valucap seeks to invest in companies that are positioned to leverage the rapid adoption of emerging technology shifts such as "cloud computing", Web 2.0, and Software as a Service (SaaS). Valucap provides investees with both the capital and management support required to exploit opportunities for growth.
This press release includes certain "Forward-Looking Statements". All statements, other than statements of historical fact, included herein, including without limitation, statements regarding future plans and objectives of Valucap, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements.
Neither the 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.
SOURCE VALUCAP INVESTMENTS INC.
For further information: For further information: Valucap Investments Inc.: Jeffrey S. Watts, President and Chief Executive Officer, Tel: (416) 364-2591, Email: email@example.com