RESAAS Grants Incentive Stock Options
2013-01-17 08:33:22 -
Vancouver, British Columbia CANADA, January 16, 2013 /FSC/ - RESAAS Services Inc. (RSS - CNSX)is pleased to announce that it has granted incentive stock options to purchase a total of 650,000 common shares in the capital of RESAAS to certain of its insiders and employees. The options are exercisable at a price of $1.00 per common share until January 15,
Of the Options granted, J. Chris Morgando, Director, received 50,000 options; Andrew Thompson, VP of Engineering, received 25,000 options and the remaining 575,000 options were granted to various employees.
RESAAS has also amended its current stock option plan, the main purpose of which is to accommodate current requirements of the Income Tax Act (Canada).
About RESAAS SERVICES INC.
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On Behalf of the Board
Director, CFO and Secretary, RESAAS Services Inc.
Telephone: (778) 996-9544 Email: email@example.com
The CNSX has not reviewed, approved or disapproved the content of this press release.
This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the expected launch date of the company's technology platform and the date of initial trading of its Common Shares on the CNSX. The forward-looking information is based on certain key expectations and assumptions made by RESAAS' management, including finalizing the design and development of the technology platform. Although RESAAS believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because RESAAS can give no assurance that they will prove to be correct. These forward-looking statements are made as of the date of this press release and RESAAS disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
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Source: RESAAS Services Inc. (CNSX: RSS) www.resaas.com
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