VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 31, 2009) - ForceLogix Technologies Inc. (TSX VENTURE:FLT) (the "Company") is pleased to announce that, subject to TSX Venture Exchange approval, in accordance with the Corporation's stock option plan, it has approved the grant of options to acquire a total of 2,800,000 common shares of the Corporation at an exercise price of $0.08 per share to the Corporation's directors and officers: Mr. Eugene Maher, Mr. John Prinz, Mr. Richard Grass, and Mr. William Butrym. The stock options vest on the date of the grant and expire five years from date of the grant. The Corporation currently has 48,600,874 issued and outstanding common shares and 35,000,000 unexercised special warrants.
This news release does not constitute an offer to sell securities, nor is it a solicitation of an offer to buy securities, in any jurisdiction. The securities offered have not been, and will not be, registered under the securities laws of the United States of America or any state thereof, and may not be offered or sold in the United States of America absent registration or the availability of an exemption from such registration.
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.
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