VANCOUVER, British Columbia, June 11, 2018 (GLOBE NEWSWIRE) -- Western Pacific Trust Company (TSX-V:WP) (the "Company") announces that stock options were granted to a director under the Company’s Stock Option Plan for a total of 75,000 common shares on June 11, 2018.
The options were granted at an exercise price of 12 cents per share, for a 4 year term to expire June 11, 2022.
The options will vest as to one-third at December 31, 2018, one-third at December 31, 2019 and one-third at December 2020.
The above-noted option grants will leave a balance of 2,203,711 common shares reserved for issuance under the Company’s Stock Option Plan.
About Western Pacific Trust Company
Western Pacific Trust Company is a non-deposit taking financial institution. It is licensed under the Financial Institutions Act in British Columbia, and is also registered extra-provincially in Alberta, as a non-deposit taking Trust Company. Western Pacific Trust Company specializes in boutique trustee services for self-administered registered plans holding eligible private investments.
Alison Alfer
President & CEO
| Contact: | Alison Alfer, President & CEO Tel: 604-683-0455 | |
This news release was prepared by the Board of Directors which is solely responsible for its contents. The TSX Venture Exchange has neither approved nor disapproved the information contained herein.