FORT ST. JOHN, BC–(Marketwired – November 30, 2016) – The Company (TSX VENTURE: MCR) announces that the exercise prices of certain of its outstanding stock options to purchase up to an aggregate of 1,195,000 Common shares (expiring on September 26, 2019) has been reduced from $3.35 to $1.63 per share and outstanding stock options to purchase up to an aggregate of 540,000 Common shares (expiring on August 19, 2020) has been reduced from $2.35 to $1.63 per share.
The reduction of the exercise prices is subject to acceptance for filing by the TSX Venture Exchange and disinterested shareholder approval where required. The closing trade price of the Company’s shares immediately preceding November 30, 2016 was $1.63 per share.
For further information please contact:
Frank Miles
President and C.E.O.
Phone: (250) 785-0033
Jeff Redmond
C.F.O.
Phone: (250) 785-0033