Business
Buzz Telecommunications Services announces new Director and change to Stock Option Plan
Dec. 22, 2010 (Canada NewsWire Group) -- MONTREAL, Dec. 22 /CNW Telbec/ - Buzz Telecommunicat...
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[{"type":"text","content":"\n\n\n\n Dec. 22, 2010 (Canada NewsWire Group) -- \n\n#ReleaseContent TABLE\n{\n BORDER-COLLAPSE: collapse\n}\nTR.cnwUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD\n{\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell\n{\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell\n{\n BORDER-BOTTOM: #000000 3px solid\n}\n#ReleaseContent TABLE.cnwBorderedTable TD\n{\n BORDER-RIGHT: black 1px solid;\n PADDING-RIGHT: 2px;\n BORDER-TOP: black 1px solid;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n BORDER-LEFT: black 1px solid;\n PADDING-TOP: 2px;\n BORDER-BOTTOM: black 1px solid;\n BORDER-COLLAPSE: collapse\n}\n#ReleaseContent TABLE TD\n{\n PADDING-RIGHT: 2px;\n PADDING-LEFT: 2px;\n PADDING-BOTTOM: 2px;\n PADDING-TOP: 2px\n}\n\n\nMONTREAL, Dec. 22 /CNW Telbec/ - Buzz Telecommunications Services Inc.\n (TSX-V: BZZ, the "Corporation"), announced the election of the\n following persons as Directors of the Corporation at its Annual General\n Meeting of Shareholders:\n\n\nMr. Rafi Hazan\nMr. Hubert Marleau\nMr. Mazen Haddad\nMr. Noah Billick\n\n\nBuzz Telecommunications Services would like to welcome its newest Board\n Member and independent member of the Audit Committee: Mr. Noah Billick.\n\n\nMr. Billick is currently Vice President, Legal Affairs of Palos Merchant\n Bank LP. He was also a lawyer at Fasken Martineau's Litigation and\n Dispute Resolution department. Mr. Billick is currently serving in\n other boards and holds a Law and MBA degree from McGill University.\n\n\nThe Corporation adopted, in November 20, 2006, an amended stock option\n plan which provided for options entitling their holders to acquire a\n maximum of 2,855,325 common shares under the plan (the "2006 Plan").\n\n\nIn October 29, 2007 the Board of Directors of the Corporation purported\n to amend the 2006 Plan in order to provide for a rolling percentage\n plan.\n\n\nThe October 2007 purported amendments provided for a rolling percentage\n in excess of what is permitted by the TSX Venture Exchange for plans\n without a fixed number of shares reserved.\n\n\nThe Board of Directors of the Corporation decided, in the best interest\n of the Corporation, t...