EVI Announces Stock Option Cancellation

April 01, 2003 by Jeff Shepard

Energy Visions Inc. (EVI, Toronto, Canada) announced the cancellation of 1,052,600 stock options previously issued pursuant to the July 1997 Original Share Option Plan, and, subject to the approval of the TSX Venture Exchange, the issue of a total of 1,500,000 new stock options pursuant to the company's 2001 Canadian Stock Option Plan. Such new options are issued to a total of 14 directors, officers, employees and consultants, are exercisable at CDN$0.20 per share, vest over an 18-month period, and expire on March 26, 2008.