Jun. 29, 2009 (Filing Services Canada) -- Humber Capital Corporation (RUM - TSX Venture), ("Humber" or the "Company"), listed on the TSX Venture Exchange (the "Exchange"), today announced today that has approved the granting of incentive stock options to Independent Directors Frank Coleman, and Rob Normandeau.
The options have been issued in compliance with Humber's Stock Option Plan and form the majority of each independent director's compensation. Humber does not pay any additional compensation to directors who are also executives of the company. Each of the two independent directors will receive 150,000 options with an exercise price of $0.32, being the closing price on the date preceding this press release. The options have a term of three years from the date of grant, and vest on specified dates. One-fourth of these options vest immediately. One-fourth vests September 30, 2009; one-fourth vests December 31, 2009, and the remainder vests on March 31, 2010.
After the grant of these options, 57,137 options remain available for issuance for directors and 950,000 options remain available for issuance for employees and/or consultants.
"As previously indicated, we feel that it is prudent to conserve cash wherever possible," said Peter Byrne, Chief Executive Officer. "Option grants, as a component of compensation, align the interests of directors, employees and consultants with those of our shareholders."
Any shares issued under the Stock Option Plan are subject to the regulatory hold periods.
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.
This news release contains "forward-looking statements" within the meaning of applicable securities laws relating to the priorities for the Company. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that these events may not materialize as well as those additional factors discussed in the section entitled "Risk Factors" in Humber's Management Discussion and Analysis, which can be obtained at www.sedar.com. If they do materialize, there remains a risk of nonexecution for any reason.
For further information:
Peter Byrne
CEO
(780) 686-7383
Source: Humber Capital Corporation (TSX-V RUM)
Maximum News Dissemination by Filing Services Canada Inc. *
www.usetdas.com
Google Übersetzer


















