Typhoon Exploration: Amendment to Stock Option Plan
May 09 2014 - 10:46AM
Marketwired
Typhoon Exploration: Amendment to Stock Option Plan
LAVAL, CANADA--(Marketwired - May 9, 2014) - TYPHOON EXPLORATION
INC. ("Typhoon") (TSX-VENTURE:TYP) announces that subject to the
approval of the TSX Venture Exchange and of a majority of
disinterested shareholders of the company at the annual and special
meeting of shareholders scheduled for June 25th, 2014, the Board of
Directors has agreed to modify the stock option plan of Typhoon
(the "Plan"), in order to increase the number of Class "A" shares
that may be issued pursuant to the Plan from 1,901,675 to
5,941,358, or 20% of the 29,706,791 class "A" currently issued and
outstanding shares, provided that no option granted under the
amended plan may be exercised prior to obtaining all of these
approvals.
ABOUT TYPHOON EXPLORATION INC.
- Typhoon Exploration Inc. only has 29,706,791 shares
outstanding.
TSX-VENTURE:TYP
Neither the
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.
David Mc Donald, Tel :
450.622.4066dmcdonald@explorationtyphon.comwww.typhoonexploration.comInvestor
RelationsPatrick Wood, Tel: (416)
473-9133pat.wood@tormontgroup.comwww.tormontgroup.com
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