Mongolia Growth Group Ltd. Announces Cancellation of Stock Options and Issuance Of Options To Directors
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TORONTO, Ontario, April 7, 2015 /FSC/- Mongolia Growth Group Ltd. (YAK – TSXV)
Mongolia Growth Group Ltd. (“MGG” or the “Company”) announces that various employees and a consultant have agreed to forfeit and cancel 615,000 options with exercise prices between CDN $4.00 and CDN $4.77.
The Company also announces today that a total of 640,000 5-year, stock options to purchase shares of MGG at an exercise price of CDN $0.74 per share have been granted to directors and officers subject to TSX Venture Exchange approval. These options have been issued pursuant to the Company’s Stock Option Plan in order to attract, retain and motivate existing directors, officers and employees of the Company. The stock options and shares issuable on exercise thereof will be subject to a hold period of four months and one day from the date of issuance.
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