Business
Grant of Options to Directors
Grant of Options to Directors.
About this update from Maple Leaf Green World, Inc.
[{"type":"text","content":"\n\n\n\n (TSX-V: MPE)\n\nShares Issued: 51,223,980 Last Close: 10-03-2007 $0.99\n\n\nCALGARY, Oct. 3 /CNW/ - Maple Leaf Reforestation Inc. ("Maple Leaf")\nannounces the grant of options to purchase 350,000 common shares of the\nCorporation ("Common Shares"), pursuant to its stock option plan, to existing\ndirectors of the Corporation. The board of directors of Maple Leaf determined\nthat this grant of options will adequately compensate directors for their\nefforts.\n\n\nThe exercise price of all the options is $0.98 per Common Share, and the\noptions expire 5 years from the date of the grant. These optioned shares vest\nimmediately on the date of grant.\n\n\nMaple Leaf's primary mission is to provide top quality, value added\nnursery seedlings and modern Canadian tree growing technology to assist China\nin solving its desertification problems. Maple Leaf currently has over\n6,000,000 various types of seedlings under cultivation in its 110,000 square\nfoot greenhouse.\n\n\nFor further information regarding Maple Leaf Reforestation Inc., visit\nwww.mlreforestation.com.\n\n\n The TSX Venture Exchange does not accept responsibility for\n the adequacy or accuracy of this release.\n\n\nCertain statements in this news release including (i) statements that may\ncontain words such as "anticipate", "could", "expect", "seek", "may" "intend",\n"will", "believe", "should", "project", "forecast", "plan" and similar\nexpressions, including the negatives thereof, (ii) statements that are based\non current expectations and estimates about the markets in which Maple Leaf\noperates and (iii) statements of belief, intentions and expectations about\ndevelopments, results and events that will or may occur in the future,\nconstitute "forward-looking statements" and are based on certain assumptions\nand analysis made by Maple Leaf. Forward-looking statements in this news\nrelease include, but are not limited to, statements with respect to future\ncapital expenditures, including the amount, nature and timing thereof; other\ndevelopment trends within the China's seedling industry; business strategy;\nexpansion and growth of Maple Leaf's business and operations and other such\nmatters. Such forward-looking s...