Bitumen Capital Re-Prices Stock Options - 14 Aug, 2009
(Source: Canada Newswire)
Aug. 14 /CNW Telbec/ - Bitumen Capital Inc. (BTM.P- TSX:V) (The
"Company") is announcing that it received disinterested shareholder
approval at its annual general meeting held on August 4, 2009 of the
re-pricing of its outstanding stock options. The Company proposes to
lower the exercise price of 1,349,999 stock options from $0.25 per
share to $0.20 per share. All of the Company's outstanding stock
options are held by directors or officers.
The re-pricing of the options remains subject to approval by the TSX Venture Exchange.
The stock will remain halted pending further news by the Company.
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.