Business
Proposed change in stock option plan
Proposed change in stock option plan.
About this update from Cavvy Energy Ltd
RIMOUSKI, April 14 /CNW Telbec/ - The Board of Directors has resolved to change the company's stock option plan. The maximum number of incentive stock options permitted following the change will be increased from 2,000,000 to 2,650,000, being 10% of the issued and outstanding shares of the company. To date, 1,720,000 share purchase options have been granted. This modification to the stock options plan is subject to the approval of The TSX Venture Exchange. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.