Edleun Group, Inc. Announces Grant of Stock Options to an Officer of the Corporation
August 27 2012 - 6:51AM
PR Newswire (Canada)
CALGARY, Aug. 27, 2012 /CNW/ - Edleun Group, Inc. (the
"Corporation"), the leading provider of quality early childhood
education and care in Canada, announced today that it has granted
300,000 options with an effective date of August 24, 2012 to Mr.
Dean Michaels, the Company's Senior Vice President, Acquisitions
and Development. The exercise price of the options is $1.10.
Each stock option entitles the holder thereof to acquire one common
share of the Corporation. The stock options vest as to one
third (1/3) on August 24,( )2013, one third (1/3) on August 24,
2014, and one third (1/3) on August 24, 2015. 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 of 50
operating centres in its portfolio and three in various stages of
development or redevelopment representing a total of approximately
5,400 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, President of Edleun Group, Inc. at (403)
705-0362,or NickHurst of the Equicom Group, Inc. at (403) 218-2835.
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