Green Star Grants Stock Options
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 09/28/12 -- China Green Star Agricultural Corp. (TSX VENTURE: GRE) ("Green Star" or the "Company"), an advanced processor of agricultural products such as canned fruits and vegetables for distribution to international and domestic markets, today announced it has granted an aggregate of 300,000 stock options under its stock option plan to directors, officers and employees of the Company.
All of the options are exercisable at a price of $0.75 per share. One half of the options vested immediately on the grant date of September 28, 2012, one half will vest on the first anniversary of the grant date. The term of the options is two years from the date of grant.
A total of 260,000 options were granted to insiders of the company, including 40,000 stock options to Guan Lianyuan, Chairman and CEO, 40,000 options to each of the other four directors (being Messrs. Michael Newman, Bob Jan Guo and Ye Huoyun and Ms. Luo Huirong), 20,000 stock options to Michael Lam, CFO, and 20,000 options to each of Rose Xie, Controller, and Judith Hong Wilkin, corporate secretary.
About Green Star
Green Star operates two main divisions, agricultural and food processing. The agricultural division is involved in the cultivation and harvesting of agricultural products such as fresh fruit and vegetables, for sale either directly as fresh fruit and vegetables or canned, and sold overseas and domestically. The food processing division is primarily involved in the manufacturing of canned food which includes canned tomato paste, canned boiled bamboo shoots, canned oranges, canned peaches and various other types of fruits and vegetables. Currently, all of the Corporation's canned tomato paste is exported to countries such as; Russia, Lebanon, Dubai, Philippines, Germany, Romania and several African countries. 30% of the canned tomato paste is exported directly to end customers, while the balance of 70% is exported to ultimate customers through exporting agents.
The Company has been operating for over 18 years, and has focused on maintaining product and reputational excellence and a high standard of food quality, through the application of science and technology in production, quality control and assurance, business operations and management. Key assets include a well established management team, modern production facilities, and a close partnership with local farmers.
China Green Star Agricultural Corp. is listed on the TSX Venture Exchange under the symbol "GRE".
For more information on the Company, please visit our web site at .
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.
Contacts:
China Green Star Agricultural Corp.
Michael Lam
Chief Financial Officer
416 849 3858
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 28.09.2012 - 22:10 Uhr
Sprache: Deutsch
News-ID 187946
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Forestry
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"Green Star Grants Stock Options"
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