Options Info....
Prime Spot Media - Stock Options
EDMONTON, ALBERTA--The Company has agreed to cancel 700,573
existing stock options from two insiders, and subject to
regulatory approval, has agreed to set stock options for certain
directors, officers and employees to acquire an aggregate of
770,000 common shares in the capital of the Company, exercisable
for a five (5) year period at a price of $0.47 per share.
In addition, the Company has agreed to amend the stock option of
one of its directors, reducing the number of stock options from
350,000 to 75,000. The options will still be exercisable at a
price of $0.45 and are set to expire on November 6, 2002.
This News Release was prepared by the undersigned on behalf of the
Company's board of Directors, who take responsibility for its
contents.
ON BEHALF OF THE BOARD OF DIRECTORS
PRIME SPOT MEDIA INC.
D. Brad Paterson,
Director
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