Dec 5 2009
IntelGenx Technologies Corp. ("IntelGenx") (TSX VENTURE:IGX)(OTCBB:IGXT) announced today that the Company's board of directors granted options to acquire 125,000 common shares effective November 24, 2009. All options were granted under the 2006 Stock Option Plan with an exercise price of C$0.65 and expire in five years.
Of the total stock options grant, 25,000 were granted to each of the Company's non employee directors Bernard Boudreau, Ian Troup and Bernd Melchers and vest immediately. The company also granted 25,000 options to purchase common shares to each the CEO and President, Horst G. Zerbe and the CFO, Paul A. Simmons. The officer's options vest over the period of two years at the rate of 25 % every six months.
Source: IntelGenx Corp.