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News » Granting of Incentive Stock Options to its Directors, Officers, and Employees Thu Nov 8 5:41:51 UTC 2007
Calgary, Alberta – Real Time Measurements Inc. (TSX Venture Exchange: “RTY”) (“RTM” or the “Corporation”) Mr. Terry Matthews, President of RTM, announces the granting of incentive stock options to its directors, officers, and employees to purchase an aggregate of 2,544,800 common shares of the Corporation pursuant to its Stock Option Plan. The options are for a five year term, expiring on November 8, 2013 and are exercisable at a price of $0.22 per share. The options are subject to a four month hold period from date of grant.
The Corporation also announces the issuance of 111,111 Bonus Shares at an issue price of $0.18 to Branson Management Corporation (“Branson”) a privately held investment company as consideration for a loan in the amount of $100,000. Based on TSX Venture Exchange policies an issuer can grant Bonus Shares in an amount equal to 20% of the value of the loan and payable in shares.
The Options and Bonus Shares are both subject to customary TSX Venture Exchange approval and the Bonus Shares will be subject to a four month hold period.
The Corporation further announces that it has engaged the services of a German consultant to assist the Corporation in becoming listed on the Frankfurt Stock Exchange in Germany. Updates will be provided as additional details become available.
The TSX Venture Exchange has not reviewed this release and it does not accept responsibility for its adequacy or accuracy.