Mr. Farshad Shirvani reports
DOUBLEVIEW GRANTS NEW OPTIONS AND RE-PRICES EXISTING STOCK OPTIONS
Doubleview Capital Corp. has granted a total of 700,000 stock options to officers, directors, consultants and employees of Doubleview. The options were granted for a period of five years, expiring on May 2, 2021, and each stock option will allow the holder to purchase a common share of Doubleview at an exercise price of 10 cents.
Doubleview also announces that the directors of Doubleview have approved the repricing of 1,735,000 outstanding stock options from an exercise price of 25 cents (in respect of 200,000 options) and 20 cents (in respect of 1,535,000 options) to 10 cents. The stock options will continue to expire on Feb. 15, 2019 (in respect of 200,000 options), and May 20, 2019 (in respect of 1,535,000 options). Of the outstanding stock options, 1.05 million stock options are currently held by insiders of Doubleview. The repricing of the stock options is subject to disinterested shareholder approval at Doubleview's next annual general meeting and the approval of the TSX Venture Exchange.
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