VANCOUVER, British Columbia, June 27, 2017 (GLOBE NEWSWIRE) -- Bearclaw Capital Corp. (TSX Venture:BRL) (Frankfurt:5BQ) announces that at its recent Annual General Meeting of shareholders held on June 9, 2017, shareholders re-elected the nominated slate of Directors. Shareholders also approved the appointment of KPMG LLP. as auditors of the Company for the current fiscal year, authorized the Directors to fix the auditors’ remuneration and approved the Company’s Stock Option Plan.
The Company has granted options to a director pursuant to its stock option plan (the “Plan”). Options to acquire 300,000 common shares were granted to the director. The options are for a five-year term which expires on June 9, 2022. For each grant, 30% vests immediately, subject to a four month hold period, 30% vests on the first anniversary of the grant and the remaining 40% vests on the second anniversary of the grant. The exercise price is $0.10 per common share.
This news release may contain forward-looking statements. Known and unknown risks and uncertainties may cause actual events or results to materially differ from those expressed or implied by any such forward-looking statements.
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