Central Canada Foods Corporation Announce Stock Options Granted
MISSISSAUGA, ONTARIO -- The Board of Directors of Central Canada Foods Corporation (TSX VENTURE: CDF.A) has granted 500,000 incentive stock options to consultants and directors of the Company at the exercise price of $0.25 for a period of 5 years, expiring March 12, 2012, subject to regulatory approval.
Options were granted as follows:
Waldo Baerg, Director 20,000
Larry Ginsberg, Director 20,000
Michael Vinke, Director 20,000
Consultants who are neither Directors nor officers 440,000
The Board also cancelled 60,000 options previously granted to directors at a price of $0.48 per share.
Central Canada Foods has reserved 1.8 million shares for issuance under the provisions of its stock option plan.
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