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Thu, April 14, 2011
Wed, April 13, 2011
Triangle Multi-Service Corporation Announces Grant of Stock Options
TORONTO, ONTARIO--(Marketwire - April 13, 2011) -Triangle Multi-Service Corporation (CNSX:TMS) (the "Company") is pleased to announce that closing of the first tranche of the private placement of up to 2,000,000 units at a price of $0.25 for gross proceeds of up to $500,000 (the "Offering") announced March 30, 2011.
The Company issued and sold 800,000 units, each unit consisting of one Class A Share and one Class A Share purchase warrant. Each warrant will entitle the holder to purchase one additional Class A Share in the capital of the Corporation (a "Warrant Share") at an exercise price of $0.35 per Warrant Share to the extent such Warrant is exercised on or before the date that is 18 months from April 13, 2011.
The company has granted an aggregate of 1,000,000 stock options exercisable at $0.25 per share for a term of five years to consultants of the company.
On behalf of the Board of Directors of Triangle Multi-Service Corporation
Bruce Lewis, Chairman of the Board of Directors
Neither the CNSX nor its Regulation Services Provider (as such term is defined in the policies of the CNSX) accepts responsibility for the adequacy or accuracy of this release.