TORONTO: C.A.
Bancorp Inc. (the “Company”) has granted an aggregate of 1,275,000
incentive stock options (the “Options”) to certain of its directors,
officers, employees and consultants. The Options have a term of five
years and shall vest in equal proportions on each of the following
three dates: August 21, 2007, August 21, 2008 and August 21, 2009. Upon
vesting each Option shall entitle the holder thereof to purchase one
common share of C.A. Bancorp Inc. at a price of $2.55 (the closing
price of the shares on August 20, 2007) until August 21, 2012.
Trading information: C.A. Bancorp Inc. common shares trade on the Toronto Stock Exchange under the symbol BKP.
C.A. Bancorp Inc.:
C.A. Bancorp Inc. is a publicly traded Canadian merchant bank and asset
manager that provides investors with access to a range of private
equity and alternative asset class investment opportunities, typically
available only to institutional and high-net-worth investors. The
Company is focused on investments in small- and middle-capitalization
public and private companies, with emphasis on the industrials, real
estate, infrastructure and financial services sectors.
More information:
Mark Gardhouse, President or Paolo De Luca, Chief Financial Officer
Tel: 1-866-388-5985 Fax: 416-861-8166 info@cabancorp.com
This
news release contains “forward-looking statements” relating to the
Company’s intentions. Forward looking statements involve known or
unknown risks, uncertainties and other factors, which may cause the
actual performance or achievements of the Company to be materially
different from those projected by such forward-looking statements.
Among others, such factors include uncertainty with respect to the
availability of investment opportunities and competition for
investments.
Forward-looking
statements contained herein are made as of the date hereof and are
based on the opinions of management based on information available to
management as of such date, and, except as may be required by
applicable securities laws, C.A. Bancorp disclaims any obligation to
update any forward-looking statements, whether as a result of new
information, changes to C.A Bancorp’s investment plan, future events or
results or otherwise.
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