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Versapay receives tsx venture exchange approval to extend optionexpiration dates by 123wert sdfsf
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Versapay receives tsx venture exchange approval to extend optionexpiration dates by 123WERT SDFSF
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| Article Posted: 06/23/2013 |
| Article Views: 59 |
| Articles Written: 2217 - MORE ARTICLES FROM THIS AUTHOR |
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Versapay receives tsx venture exchange approval to extend optionexpiration dates |
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Business,Business News,Business Opportunities
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05/15/12 -- VersaPayCorporation (TSX VENTURE:VPY) ("VersaPay" and the "Company"), aprovider of Electronic Invoice Presentation and Payment Solutions,announces that it has received TSX Venture Exchange approval toextend the expiry dates of a total of 943,000 incentive stockoptions granted by the Company. 818,000 of the options were granted to members of VersaPay's boardof directors having an original three-year term expiring on August24, 2012. The Company has approved the extension of these options,subject to disinterested shareholder approval, to August 24, 2014in keeping with its usual practice of granting options with afive-year term. VersaPay will be seeking disinterested shareholderapproval of these option amendments at its upcoming shareholders'meeting on May 23, 2012.
The remaining 125,000 stock options were granted to an employee ofVersaPay. These options originally had an 18-month term expiring onOctober 26, 2012. The Company has extended these options to afive-year term, expiring April 26, 2016. About VersaPay VersaPay is a financial technology company that delivers paymentsolutions for businesses across Canada.
The Company's proprietaryElectronic Invoice Presentment and Payment platform facilitates theefficient exchange of documents and payments between suppliers andcustomers. VersaPay has operations in Toronto, Montreal and Vancouver. Forward Looking and Other Cautionary Statements This news release contains forward-looking statements andinformation that are based on the beliefs of management and reflectthe Company's current expectations. When used in this news release,the words "estimate", "project", "belief", "anticipate", "intend","expect", "plan", "predict", "may" or "should" and the negative ofthese words or such variations thereon or comparable terminology,are intended to identify forward-looking statements andinformation. Such statements and information reflect the currentview of the Company with respect to risks and uncertainties thatmay cause actual results to differ materially from thosecontemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known andunknown risks, uncertainties and other factors which may cause ouractual results, performance or achievements, or other futureevents, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking statements. Such factors include, among others,risks relating to the speculative nature of the Company's business,the Company's formative stage of development and the Company'sfinancial position. Forward-looking statements are made based onmanagement's beliefs, estimates and opinions on the date thatstatements are made and the Company undertakes no obligation toupdate forward looking statements if these beliefs, estimates andopinions or other circumstances should change. Neither TSX Venture Exchange nor its Regulation Services Provider(as that term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy ofthis release.
Contacts: VersaPay Corporation Bill McGill CEO 1-647-258-9378 bill.mcgill@versapay.com Copyright @ Marketwire. I am an expert from Security & Protection, usually analyzes all kind of industries situation, such as boys roller shoes , wheel roller shoes.
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