2014-03-11 01:15:43 -
Vancouver, British Columbia CANADA, March 10, 2014 /FSC/ - RESAAS Services Inc. (RSS - CSE"RESAAS") is pleased to announce that on March 7, 2014 it adopted an amended and restated stock option plan (the "New Plan") and granted options ("Options") to purchase a total of 410,000 common shares of RESAAS to employees and consultants under the New Plan. The Options vest immediately and are exercisable at a price of $4.50 per share for a period of two years expiring March 8, 2016.
None of the Options were granted to insiders of RESAAS.
RESAAS is also pleased to announce that effective March 7, 2014 it altered its authorized share capital by adding a new set of Class "B" Preferred shares without
par value and with special rights and restrictions attached. The creation of this new class of shares, which is issuable in series, was approved by RESAAS shareholders at a special meeting held on March 6, 2014.
About RESAAS Services Inc.
RESAAS - The Real Estate Social Network(tm) is designed specifically for the real estate professional to connect and communicate in real-time. Known as real estate broadcasts, RESAAS' powerful reblasts(r) engine automatically generates all of your real estate workflow into invaluable social content that is instantly pushed out to the RESAAS platform and other social networks. Visit www.resaas.com.
On Behalf of RESAAS
Chief Financial Officer , Director & Secretary
RESAAS Services Inc.
Telephone: (778) 996-9544 Email: email@example.com
Michael Koehler or Matt Glover
Liolios Group Inc.
Telephone: (949) 574-3860; Email: firstname.lastname@example.org
The Canadian Securities Exchange has neither reviewed, approved nor disapproved the contents of this press release.
This press release and the company's website may include forward-looking information, as defined by Canadian securities legislation, concerning the company's technology platform. Forward-looking information is based on certain key expectations and assumptions made by RESAAS' management, including future plans for the design and development of the company's 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. Forward-looking statements in this press release are made as of the date of this release. 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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