Mr. Gary Economo reports
FOCUS AMENDS STOCK OPTION PLAN AND GRANTS OPTIONS
Focus Metals Inc. has approved an amendment to its stock option plan in order to increase the number of common shares reserved for issuance under the plan from 6,143,434 to 8,364,117, being 10 per cent of the corporation's issued and outstanding common shares. The increase is subject to regulatory approval.
Furthermore, the corporation announces that it has granted a total of 1.9 million options at an exercise price of 71 cents until Dec. 22, 2016, of which an amount of 200,000 has been granted to a consultant of the corporation and 1.7 million has been granted to the following directors and officers of the corporation: Gary Economo (one million), Jeff York (500,000), Francis Pomerleau (100,000) and Judith Mazvihwa (100,000). The options are subject to regulatory approval and may not be exercised until such approval has been received by the corporation.
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