(via Thenewswire.ca)
V ANCOU V E R , BR I T I S H CO L U M B I A / TheNewswire / October 9, 2015 - Crownia Holdings Ltd. ( f o r m e rl y Lingxian Capital Inc. ) (" Crownia " or t he " C o m pan y ") ( T S X - V : CNH ) , i s t o ann o u n ce t h a t i t has granted stock options to consultants, directors, officers and employees to purchase up to an aggregate 2,370,000 of shares of the Company.
Options granted to certain consultants, directors, officers and employees are at a price of $0.35 per share, exercisable until October 9, 2020, with one-third of such stock options vesting on the date of grant, and another one-third vesting on the first and second anniversary of the date of grant.
Options granted to certain consultants and employees are at a price of $0.35 per share, exercisable until October 9, 2020, with 10% of such stock options vesting on the date of grant, 20% on the first anniversary, 30 % on the second anniversary and 40% on the third anniversary of the date of grant.
All options are subject to any earlier termination in accordance with their terms, pursuant to the Company's stock option plan.
O N B E HA LF O F T H E BOAR D OF DIRECTORS
" Herrick Lau "
Herrick Lau
C h i ef E xec u ti v e O f f i cer
Crownia Holdings Ltd.
F O R M OR E I N F OR M A T I ON , PLE A SE CON T AC T :
H e r r i ck Lau
Herrick.lau@crowniaholdings.com
(604)688-9588
N e it h e r t he E xchan g e n o r i t s R e gu l a t i on S e r v i ces P r ov i d e r ( as t h a t t er m i s d e f i ned i n t h e p o l i c i es of t h e E xchang e ) acce p t s respo n s i b i l i t y f or t he adequ a cy o r acc u ra c y o f t h i s r e l ease.
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