Business
Route1 Announces Issuance of Employee Options
Route1 Announces Issuance of Employee Options.
About this update from Route1 Inc.
[{"type":"text","content":"\n\n\n\n\nTORONTO, April 18 /CNW/ - Route1 Inc. (TSXV:ROI) announced today that it\nhas issued 6,469,000 options to its management and employees. Of this amount,\n2,747,750 will have an exercise price of $0.40 and 3,721,250 will have an\nexercise price of $0.50. The options will have a three year term and vest over\na two year period. Management, directors and officers received 2,135,000 and\n3,050,000 of the $0.40 and $0.50 options respectively. The Chief Executive\nOfficer and President of Route1 have elected not to receive any of the\noptions.\n\nAbout Route1\nRoute1 was founded with the vision of mobilizing the desktop PC. Drawing\non years of experience in secure wireless applications, Route1 is bridging the\ngap between business needs and technology's limitations to deliver its Mobi\nfamily of products. The Company is listed on the TSX Venture Exchange and is\nheadquartered in Toronto, Ontario with offices in New York, NY. For more\ninformation, visit www.route1.com.\n\n(c) 2005 Route1 Inc. All rights reserved. All other trademarks used are\nowned by their respective owners.\n\n%SEDAR: 00008444E\n\n\n","length":1172,"tagName":"div"}]