CT Developers Ltd. Grants Stock Options
March 29, 2012 DEV.P (TSX-V)
Toronto, ON. – CT Developers Ltd. (the "Company") advises that 195,000 stock options having an exercise price of $0.25 per common share for 5 years have been granted to various directors and officers of the Company. The options have been granted in accordance with the terms of the Company's 10% rolling Stock Option Plan which first received regulatory approval by the inclusion of same in the Company’s initial public offering prospectus. All stock options issued have a 4 month hold period and are subject to escrow restrictions.
For further information, please contact Norman Eyolfson, President & CEO at:
Telephone: (416) 604-7620 Email: [email protected]
Neither the 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.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.