Grenville Announces Option Grants
27 5월 2014 - 6:00AM
Marketwired
Grenville Announces Option Grants
TORONTO, ONTARIO--(Marketwired - May 26, 2014) - Grenville
Strategic Royalty Corp. (TSX-VENTURE:GRC) ("Grenville") today
announced that it has granted options to acquire an aggregate of
400,000 common shares of Grenville to two directors of the company.
All of the options are exercisable at a price of CDN $0.52 per
common share and vest quarterly in equal tranches, with the first
25% of the options vesting on the grant date. The options have a
term of 5 years and are subject in all respects to the terms of
Grenville's stock option plan.
About Grenville
Grenville is a Toronto-based company that was formed to provide
royalty-based finance solutions by acquiring revenue streams
generated by growing industrial and technology businesses.
Grenville has identified a large and underserviced finance market
for companies generating up to $50 million in revenue, many of
which are well managed and generating improving cash flow, but face
difficult financing hurdles from traditional debt and equity
markets. The non-dilutive royalty financing structure offered by
Grenville can bridge the financing needs of these companies until
traditional debt or equity is available to them on more attractive
commercial terms. The application of Grenville's royalty financing
structure into sectors not traditionally serviced by royalty
companies represents a new and innovative financing model - Capital
Simplified - that has already attracted a considerable number of
opportunities with attractive return potential.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Grenville Strategic Royalty Corp.William (Bill) R.
TharpPresident and Chief Executive Officer(416) 777-0383
Grenville Strategic Royalty (TSXV:GRC)
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