Quest Capital Corp.: Results of Annual and Special General Meeting, Annual Grant of Options to Directors and Director Dealing
May 29 2008 - 7:14PM
Marketwired
VANCOUVER, BRITISH COLUMBIA (TSX: QC)(AMEX: QCC)(AIM: QCC) -
Following the Annual and Special General Meeting of the Company
held on May 27, 2008, the Company is pleased to announce that all
of the resolutions presented to shareholders were passed.
In 2007, the Board of Directors passed a resolution to annually
grant stock options to the non-executive directors of the Company
following its annual general meeting. The Company reports that
effective May 27, 2008, the Company granted options to purchase up
to 350,000 common shares to the following directors: Frank Mayer as
to 150,000 shares and Robert G. Atkinson, W. David Black, Dale
Peniuk and Walter Traub as to 50,000 shares each. The options are
exercisable at the exercise price of $1.99 per common share for a
term of five years expiring on May 27, 2013 and vest equally over
the next twelve quarters.
The Company also reports that on May 27, 2008, Stephen Coffey
advised that on May 23, 2008 he purchased 10,000 common shares of
the Company at the price of $2.00 per share; on May 29, 2008, Frank
Mayer advised that on May 27, 2008 he purchased 40,000 common
shares of the Company at the price of $2.00 per share; and on May
29, 2008, Dale Peniuk advised that on May 29, 2008 he purchased
10,000 common shares of the Company at $2.00 per share. After
giving effect to the puchase of these shares, Stephen Coffey and
Dale Peniuk hold 10,000 shares each of the Company or approximately
0.006% of the issued and oustanding share capital of the Company
and Frank Mayer holds 40,000 shares of the Company or approximately
0.027% of the issued and outstanding share capital of the
Company.
About Quest
Quest's expertise is in providing financing for the real estate
sector with emphasis on residentially oriented mortgages primarily
in Western Canada.
For more information about Quest, please visit our website
(www.questcapcorp.com) or SEDAR (www.sedar.com).
Contacts: Quest Capital Corp. - Contact in Canada A. Murray
Sinclair Co-Chairman (604) 68-QUEST, (604) 687-8378 or Toll Free:
1-800-318-3094 (604) 682-3941 (FAX) Quest Capital Corp. - Contact
in Canada Stephen Coffey President & CEO (416) 367-8383 (416)
367-4624 (FAX) Website: www.questcapcorp.com Quest Capital Corp. -
Contact in London AIM NOMAD: Canaccord Adams Limited Ryan Gaffney
011.44.20.7050.6500 Quest Capital Corp. - Contact in London AIM
NOMAD: Canaccord Adams Limited Robert Finlay
011.44.20.7050.6500
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