|By Marketwired .||
|July 31, 2014 07:52 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/31/14 -- Bearclaw Capital Corp. (TSX VENTURE:BRL)(FRANKFURT:5BQ) announces that it has granted options to directors pursuant to its stock option plan (the "Plan"). Options to acquire 850,000 common shares were granted to the directors and 80,000 to consultants. All of the options are for a five-year term which expires on June 25, 2019. For each grant, 30% vests immediately, subject to a four month hold period, 30% vests on the first anniversary of the grant and the remaining 40% vests on the second anniversary of the grant. The exercise price is $0.10 per common share. The Company's stock option plan was amended to delete a provision that options may be granted under the Plan only within ten years from the date the Plan was adopted by the board of directors of the Company. The amendment was approved by shareholders at the annual general meeting of the Company held on June 25, 2014.
The news release may contain forward-looking statements. Known and unknown risks and uncertainties may cause actual events or results to materially differ from those expressed or implied by any such forward-looking statements.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the polices of TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of the contents of this release.
Bearclaw Capital Corp.
Scott M. Ross
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