Saguenay, May 13, 2011 – Arianne’s board of directors approved today modifications to the Company’s Stock option plan that will increase the number of options available for grant to 6,400,000 or less than 10 % of the Company’s issued shares. The previous plan permitted the grant of 5,100,000 stock options. Under the new stock option plan, departing option holders will be able to keep their stock options for a period of 12 months before they expire. The previous expiration delay was 60 days following departure. These modifications are subject to the approval of the TSX Venture Exchange. The Company also announces the granting of 275,000 options to its officers and directors priced at $ 1.25.
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.
Source: Mr. Bernard Lapointe, CEO Tel : (418) 549-7316 Fax : (418) 549-5750 bernard@arianne-inc.com
