Edleun Group, Inc. announces grant of stock options to directors
March 06 2012 - 6:47PM
PR Newswire (Canada)
CALGARY, March 9, 2012 /CNW/ - Edleun Group, Inc. (the
"Corporation"), the leading provider of quality early childhood
education and care in Canada, announced today that as part of the
annual compensation program for members of the board of directors
of the Corporation, seven non-management directors were granted
options as outlined below for an aggregate grant of 384,000
options. The exercise price of the options is $1.10.
____________________________________________ | Director |Number of
Options Granted| |__________________|_________________________|
|Adam Berkowitz | 12,000|
|__________________|_________________________| |Colley Clarke |
112,000| |__________________|_________________________| |Daniel
Gallivan | 12,000| |__________________|_________________________|
|Gary Goodman | 12,000|
|__________________|_________________________| |Jeffrey Olin |
112,000| |__________________|_________________________| |Mitchell
Rosen | 112,000| |__________________|_________________________|
|John Snobelen | 12,000|
|__________________|_________________________| |Total Option Grant|
384,000| |__________________|_________________________| Each stock
option entitles the holder thereof to acquire one common share of
the Corporation. The stock options vest as to one quarter
(1/4) on March 31,( )2012, one quarter (1/4) on June 30, 2012, one
quarter (1/4) on September 30, 2012 and one quarter (1/4) on
December 31, 2012. The options expire five years from the date of
grant. About Edleun Group, Inc. Edleun is the leading provider of
high-quality, community-based Early Learning & Care child care
centres in Canada offering early education and child care services
to children ages six weeks to 13 years. Edleun is committed to
preparing children for the next step in their education and life,
offering families and employers access to and choice of quality
early childhood education programs, as well as enhanced
opportunities and career advancement for Early Childhood Educators.
Publicly traded on the Toronto Stock Exchange , the Company's
objectives include the acquisition and subsequent improvement of
existing child care centres and developing new state-of-the-art
Early Learning and Care Centres in underserved Canadian
communities. The Company currently has a total 45 centres in its
portfolio including: 38 centres in operation and five in various
stages of development or redevelopment representing 4,463 licensed
child care spaces. FORWARD-LOOKING STATEMENTS: Certain statements
in this Release which are not historical facts may constitute
forward-looking statements or forward-looking information within
the meaning of applicable securities laws ("forward-looking
statements"). Any statements related to Edleun's projected
revenues, earnings, growth rates, revenue mix, staffing and
resources, and product plans are forward looking statements as are
any statements relating to future events, conditions or
circumstances. The use of terms such as "believes", "anticipated",
"expected", "projected", "targeting", "estimate", "intend" and
similar terms are intended to assist in identification of these
forward-looking statements. Readers are cautioned not to place
undue reliance upon any such forward-looking statements. Such
forward-looking statements are not promises or guarantees of future
performance and involve both known and unknown risks and
uncertainties that may cause the actual results, performance,
achievements or developments of Edleun to differ materially from
the results, performance, achievements or developments expressed or
implied by such forward-looking statements. Forward-looking
statements are based on management's current plans, estimates,
projections, beliefs and opinions. Except as required by law,
Edleun does not undertake any obligation to update forward-looking
statements should assumptions related to these plans, estimates,
projections, beliefs and opinions change. The Company undertakes no
obligation, except as required by law, to update publicly or
otherwise any forward-looking information, whether as a result of
new information, future events or otherwise, or the above list of
factors affecting this information. Many factors could cause the
actual results of Edleun to differ materially from the results,
performance, achievements or developments expressed or implied by
such forward-looking statements. 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. Edleun Group, Inc.
CONTACT: Dale Kearns, Chief Financial Officer of Edleun Group, Inc.
at(403)705-0362, or Nick Hurst of the Equicom Group, Inc. at (403)
218-2835.
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