Vendome Resources Corp. Grants Incentive Stock Options
2013-02-07 00:10:21 -
Toronto, Ontario CANADA, February 06, 2013 /FSC/ - Vendome Resources Corp. (VDR - TSX Venture), ("Vendome" or the "Corporation"), is pleased to announce that it has granted 550,000 incentive stock options to non-executive directors of the Corporation, 370,000 incentive stock options to consultants of the Corporation and 400,000 incentive stock options in which 1/4th of the 400,000 are to be
vested in 4, 3 month periods to the IR Consulting Firm "Arran Asset Management" which provided investor relations services for the Corporation.
Each of the incentive stock option granted, pursuant to the share option plan approved by shareholders on December 17th, 2012 (the "Plan"), will permit the holder to purchase 1 common share of the Corporation at a price of $0.25 per share prior to the expiry date. Of the 1,820,000 incentive stock options, 400,000 will expire on February 1st, 2015 and 1,420,000 will expire on February 1, 2018. 1,420,000 incentive stock options will vest immediately and 400,000 incentive stock options will be divided into four periods. 100,000 will be vested on May 1st, 2013, 100,000 will be vested on August 1st, 2013, 100,000 will be vested on November 1st 2013 and 100,000 will be vested on February 1st, 2014.
In addition, the Company granted Franz Kozich, the President and CEO of the Corporation, pursuant to the incentive stock option plan of the Corporation, to purchase up to 400,000 common shares of the Corporation. Andrew McQuire the Chief Financial Officer of the Corporation was also granted, pursuant to the Plan of the Corporation, to purchase up to 100,000 common shares of the Corporation. Each of the incentive stock options granted, pursuant to the Plan, will permit the holder to purchase 1 common shares of the Corporation at a price of $0.25 per share prior to February 1st 2018 and vest immediately.
The above incentive stock options are subject to the terms and conditions of the Plan, and the policies of the TSX Venture Exchange.
Certain statements in this document constitute "forward-looking statements" within the meaning of various security legislation inclusive of but not limited to the United States Private Securities Litigation Reform Act of 1995 and/or "forward-looking information" under the Securities Act (Ontario). These statements include, without limitation, statements regarding the status of development or expenditures relating to our business, plans to fund our current activities, statements concerning our partnering activities, exploration regulatory submissions, strategy, future operations, future financial position, future revenues and projected costs. In some cases, you can identify forward-looking statements by terminology such as "may", "will", "should", "expects", "plans", "anticipates", "believes", "estimated", "predicts", "potential", "continue", "intends", "could", or the negative of such terms or other comparable terminology. We made a number of assumptions in the preparation of these forward-looking statements. You should not place undue reliance on our forward-looking statements, which are subject to a multitude of risks and uncertainties that could cause actual results, future circumstances or events to differ materially from those projected in the forward-looking statements. These risks include, but are not limited to, securing and maintaining corporate alliances, the need for additional capital and the effect of capital market conditions and other factors, including the current status of our programs, on capital availability, the potential dilutive effects of any financing, the timing of our programs to explore, develop and commercialize our products, the timing and costs of obtaining regulatory approvals, our estimates regarding our capital requirements and future revenues, the timing and amount of investment tax credits, and other risks detailed from time to time in our public disclosure documents or other filings with the securities commissions or other securities regulatory bodies in Canada and the U.S as well as abroad. Additional risks and uncertainties relating to the Corporation and our business can be found in the "Risk Factors" section of our Filing Statement dated April 8, 2010, as well as in our other public filings. The forward-looking statements are made as of the date hereof, and we disclaim any intention and have no obligation or responsibility, except as required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of the Corporation should be considered highly speculative.
Neither 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.
For more information, please contact:
VENDOME RESOURCES CORP.
133 Richmond Street West, Suite 403
Toronto, Ontario M2H 2L3
T: (647) 932 1604
To view this press release as a webpage, please click on the following link: