MELFORT, SK, July 31 /CNW/ - Hodgins Auctioneers Inc. (HA:TSX-V)
("Hodgins" or the "Company") announced today that, subject to regulatory
approval, the Company intends to grant 600,000 stock options, in the
aggregate, to directors, officers, employees and consultants of the Company.
The options will have an exercise price of $0.16, with a five year term to
expiry.
The Company also announced the amendment to an aggregate of 190,000
options originally granted October 20, 2008. The exercise price has been
amended from $0.20 to $0.16 and all other terms of the options remain
unchanged. The amendment to the options held by an employee of the Company is
subject to regulatory approval. The amended options will not be available for
exercise until all necessary approvals are obtained.
About Hodgins Auctioneers Inc.
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Headquartered in Melfort, Saskatchewan for more than 50 years, Hodgins is
a provider of professional auction services. Hodgins is renowned for its
experienced auctioneers, award-winning promotions, dependable results and
commitment to providing the ultimate marketplace for the sale of assets by
auction.
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.
%SEDAR: 00016723E
