May 30, 2011 (Marketwire) --
TORONTO, ONTARIO -- (Marketwire) -- 05/30/11 -- Xylitol Canada Inc. ("Xylitol Canada", or the "Company") (TSX VENTURE:XYL) announces today that pursuant to the terms of its stock option plan, the Company has granted an aggregate of 1,350,000 incentive stock options to its directors, officers, employees and consultants.
Each option entitles the holder thereof to purchase one common share at an exercise price of $0.35, representing the closing price of the Company's common shares on the TSX Venture Exchange on May 27, 2011, in accordance with the terms of the Company's stock option plan. The options are exercisable for up to 5 years from the date of grant.
About Xylitol Canada Inc.
Xylitol Canada markets xylitol and xylitol based-products and is focused on becoming a major low-cost manufacturer of xylitol and related products, serving the global market from operations in North America.
Xylitol Canada's business strategy is to leverage novel proprietary technology and processes to become North America's premier manufacturer of low cost, high quality xylitol from readily available environmentally-sustainable biomass. Xylitol is an all-natural sweetener which is marketed globally including Canada and the United States and is accepted by the American Food and Drug Administration, the World Health Organization and the American Dental Association. Xylitol contains 75% less carbohydrates and 40% less calories than sugar, has a myriad of oral health benefits including the prevention of tooth decay and is safe for diabetics. To date, wider spread use of xylitol has been limited by the lack of a reliable, low cost, high quality supplier.
Neither TSX Venture Exchange Inc. 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:
Xylitol Canada Inc.
Andrew Reid
President and CEO
(416) 567-2331
areid2@rogers.com
www.xylitolcanada.com