Winalta Inc. Announces Grant of Stock Options
CALGARY, Sept. 11 /CNW/ - Winalta Inc. ("Winalta" or the "Company") announces that on August 29, 2009 it granted a total of 660,000 options to employees and insiders of the Company. 512,500 options were granted to mployees, 110,000 to Officers, and 37,500 to Directors.
Each option entitles the holder the right to acquire one common share of the Company at an exercise price of $0.49 per share and will expire five years from the date of issue. One quarter of the options vest per year, with the first tranche vesting on August 29, 2010, one year from the date of grant.
Winalta Inc. is an integrated company with three main operating divisions, Homes, Industrial, and Manufacturing. The Homes Division sells CSA approved homes via retail centers, communities and supply arrangements. The Industrial Division leases portable industrial accommodations and provides construction services that include excavating, aggregate trucking and paving. The Manufacturing Division builds CSA approved homes and portable industrial accommodations from facilities near Spruce Grove, Alberta.
Winalta Inc. shares trade on the TSX Venture Exchange under the symbol "WTA.A".
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
For further information:
Business Contact
Ron Berg
President & CEO, Winalta Inc.
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Tel: (780) 960-6900
Fax: (780) 962-9523
Austin Fraser
VP Corporate Development & Investor Relations
Tel: (403) 475-4698
